Govt Writes Off RM3.8 Billion State Govt Debt for Rural Water Supply Project

The Federal Government has agreed to write off the loan given to the state government for the rural water supply project on 2001 onward, said Prime Minister Tun Dr Mahathir Mohamad today. He said the loan was based on the balance that had not been settled on December 31, 2018 with the total amount of RM3.8 billion, which was subject to the state government to finalise the restructuring of water supply by December 31, 2019 at the latest, Malay Mail reported. For the future, he said the rural water supply project would no longer be financed in the form of soft loan from the federal government but allocated in the form of a grant under regulations of the Rural Development Ministry. Read more