M’sia gains RM4b from Bandar Malaysia renegotiation

“The claim by irresponsible quarters that the project was merely revived from where it was before, is not only erroneous but intended to mislead the people and divert their attention from our success in improving the contract terms and pocketing at least RM4bil for the country, ” Lim (filepic) said in a statement yesterday.

PUTRAJAYA: Malaysia’s coffers swelled by more than RM4bil following renegotiations between the Finance Ministry (MoF) and private developers over the terms of contract involving the Bandar Malaysia project.

Finance Minister Lim Guan Eng said the government decided to proceed with the RM140bil project after renegotiating for “the best terms for the people and country” and cleansing it of elements of the 1Malaysia Development Bhd (1MDB) scandal.