THE Perikatan Nasional government has pulled the plug on the previous Pakatan Harapan administration’s promise to guarantee a RM2.04 billion loan the Penang government needs to help finance its RM9.5 billion light rail transit (LRT) project, reports The Edge Markets.
In a parliamentary written reply dated November 25 to Tanjong MP and Penang chief minister Chow Kon Yeow, Finance Minister Tengku Zafrul Tengku Abdul Aziz said the decision was in line with the revised revenue and income projections for the country, as well as the government’s focus to restore the economy, following the Covid-19 pandemic.
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Posted 3 years ago by Teruna Kelana