Perikatan did not withdraw guarantee for Penang LRT loan, says minister

Chan Kok Leong Zaim Ibrahim

Finance Minister Tengku Zafrul Tengku Abdul Aziz says the decision to not proceed with the government guarantee for the Penang LRT project was a financing one, and not about cancelling the project. – The Malaysian Insight file pic, November 30, 2020.

PERIKATAN Nasional did not withdraw the US$500 million (RM2.04 billion) government guarantee for Penang’s light rail transit (LRT) project, said Finance Minister Tengku Zafrul Tengku Abdul Aziz.

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