Prasarana paid RM3.5b to LRT 3 contractors | TheStarTV.com

Prasarana paid RM3.5b to LRT 3 contractors

Published on 4 Jan 2021 11:50:28 PM

Prasarana Malaysia Bhd has paid RM3.5bil to the Light Rail Transit 3 (LRT 3) contractors up to October 2020.

Its chairman Datuk Seri Tajuddin Abdul Rahman said that on Monday (Jan 4), adding that Prasarana cannot afford to make progress payments on a monthly basis as it needs to manage its cash flow.

Tajuddin said Prasarana would be making its next progress payment to the LRT 3 contractors once it receives RM1.5bil in the drawdown from its sukuk.

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Keywords
prasarana , tajuddin abdul rahman, news, malaysia, prasarana malaysia , light rail transit 3 , business news, lrt, contractors

Prasarana Malaysia Bhd has paid RM3.5bil to the Light Rail Transit 3 (LRT 3) contractors up to October 2020.

Its chairman Datuk Seri Tajuddin Abdul Rahman said that on Monday (Jan 4), adding that Prasarana cannot afford to make progress payments on a monthly basis as it needs to manage its cash flow.

Tajuddin said Prasarana would be making its next progress payment to the LRT 3 contractors once it receives RM1.5bil in the drawdown from its sukuk.

Read more at https://bit.ly/3ncwINa

WATCH MORE: https://thestartv.com/c/news
SUBSCRIBE: https://cutt.ly/TheStar
LIKE: https://fb.com/TheStarOnline

Keywords:
prasarana , tajuddin abdul rahman, news, malaysia, prasarana malaysia , light rail transit 3 , business news, lrt, contractors

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