RM1.6b for Sg Besi relocation works

  • Business Premium
  • Wednesday, 12 Nov 2014

PETALING JAYA: 1Malaysia Development Bhd’s (1MDB) cost to relocate the existing occupants in Sungei Besi Airport is RM1.6bil, according to the annual report.

According to the annual report for the financial year ended March 31, 2014, Bandar Malaysia Sdn Bhd, a unit of 1MDB Real Estate Sdn Bhd (1MDB RE), partially issued RM1.5bil out of the total nominal value of RM2.4bil under a sukuk murabahah programme to help finance the relocation cost.

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