Penang mulling bond issuance to finance RM10bil LRT project

By R. SEKARAN

Starpic By: ZAINUDIN AHAD/The Star / 05 Nov 2019

GEORGE TOWN: The state government is discussing with a consortium of banks on the possibility of issuing bonds to finance RM10bil Light Rail Transit (LRT) system.

Chief Minister Chow Kon Yeow said Prime Minister Tun Dr Mahathir Mohamad floated this idea in a reply to the state when it requested Federal funding for the project.

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Chow Kon Yeow , Penang , LRT

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