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

Chan Kok Leong Zaim Ibrahim Chan Kok Leong, Zaim Ibrahim Updated 1 year ago · Published on 30 Nov 2020 5:03PM · 0 Comments

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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