PUTRAJAYA: The Federal Territories Ministry needs between RM6bil and RM10bil if it intends to buy over the land in Kampung Baru, Kuala Lumpur, for development purposes.
Its minister, Khalid Abdul Samad, who disclosed this, said the ministry was studying the best mechanism to obtain the funds including the possibility of allowing Kuala Lumpur City Hall (DBKL) to issue city bonds or sukuk as practised in developed countries.
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