No political vendetta in Penang LRT project loan guarantee move, says Finance Minister

KUALA LUMPUR: There was no political vendetta by the Federal Government with regard to the Penang state government's effort to raise some RM2.04bil in loans for its RM9.5bil light rail transit project (LRT).

Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz denied claims by several Opposition MPs that the Federal Government had withdrawn its guarantee on the state's loan application with the Asian Development Bank (ADB).

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