There's little news on status of the long-abandoned Plaza Rakyat project

Deplorable condition: Abandoned tower cranes, stagnant water and exposed pilings are all that remain at the Plaza Rakyat construction site

STAKEHOLDERS in the long-abandoned Plaza Rakyat project in Jalan Pudu, Kuala Lumpur still have faith their investment will bear fruit.

Located next to the Pudu Sentral transport hub, the RM1.4bil mixed-commercial development was 30% complete about 15 years ago when the developer, Plaza Rakyat Sdn Bhd (PRSB), ran into financial difficulties during the 1997/1998 Asian financial crisis.