Penang Chief Minister Lim Guan Eng
KUALA LUMPUR: The Penang government has to show evidence that it did not break procurement guidelines when it awarded the proposed undersea tunnel project to an “undercapitalised” company, said Barisan Nasional Strategic Communications team.
Its deputy director Datuk Eric See-To said of concern was that the Penang Tunnel special purpose vehicle (SPV) company which was awarded the project was a relatively new company with low cash balances and paid-up capital in relation to the mega project.
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