Penang may issue RM10bil bond for Bayan Lepas LRT project


GEORGE TOWN: The state government is looking at issuing a RM10bil bond to fund the Bayan Lepas light rail transit (LRT) project.

But Chief Minister Chow Kon Yeow said this was not an alternative to the Penang South Reclamation (PSR), which will go on as planned.“The idea to issue bonds was proposed by Prime Minister Tun Dr Mahathir Mohamad when he replied to our request for RM10bil in funding for the LRT project.

Start your ads-free experience now!

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Nation

LBS concludes 24th AGM with strong support
Woman found dead in Ipoh, son remanded as suspect
Veteran climber sold house to conquer world's highest peaks
All geared up for Euro 2024
A priceless gift that they will keep giving
INTERACTIVE: Blood donations flow in, but new donors dry up
Relentless posts force defence team to request for gag order
Zayn Rayyan’s dad and mum released after posting bail
Joohari bent on solving problems in Sungai Bakap
Five tonnes of chewing tobacco seized

Others Also Read