RM20mil for flying car project

Reports by Martin Carvalho, Hemananthani Sivanandam, Rahimy Rahim and Tarrence Tan

THE flying car project had received RM20mil in funding from the government despite it being touted as a private initiative project, says the Public Accounts Committee (PAC).

In a report on the air mobility vehicle, the PAC said although Entrepreneur Development Minister Datuk Seri Mohd Redzuan Md Yusof had said the project was a privately driven initiative, RM20mil was approved by the Malaysian Industry-Government Group for High Technology (Might) to be invested in Aerodyne Ventures Sdn Bhd (AVSB).AVSB is the company developing the project and received the funding early this month.