PETALING JAYA: Penang people will suffer a financial loss of RM20.54bil due to the controversial undersea tunnel and the three paired roads project, said Datuk Seri Dr Wee Ka Siong.
Providing a breakdown of the total in a video on his Facebook, the Minister in the Prime Minister’s Department said the RM6.34bil construction cost of the tunnel and the paired roads would be fully funded by the Penang government, yet the special purpose vehicle (SPV) in charge of the project was given a 30-year concession.
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