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Govt cuts pipeline project losses to RM3bil, reallocates RM5bil to water projects

KUALA LUMPUR: The government has reduced its losses from the termination of the Multi-Product Pipeline (MPP) and Trans-Sabah Gas Pipeline (TSGP) projects to RM3 billion by reallocating RM5 billion in loans to finance water supply projects in northern Perak and Penang.

The Star MalaysiaThe Star查看原文 ↗
政府将管道项目亏损削减至30亿令吉,并将50亿令吉重新分配给水利项目。

KUALA LUMPUR: The government has reduced its losses from the termination of the Multi-Product Pipeline (MPP) and Trans-Sabah Gas Pipeline (TSGP) projects to RM3 billion by reallocating RM5 billion in loans to finance water supply projects in northern Perak and Penang.

Prime Minister Datuk Seri Anwar Ibrahim said an agreement between Suria Strategic Energy Resources Sdn Bhd (SSER) and the Export-Import Bank of China (CEXIM) to reallocate the RM5 billion loan was signed on Oct 30.

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