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Renong's Putra light rail transit (LRT) train is seen against the Kuala Lumpur skyline December...

IMAGE number
REU7579789
Image title
Renong's Putra light rail transit (LRT) train is seen against the Kuala Lumpur skyline December 21. .., 1999-12-21 (photo)
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Photographer
Bazuki Muhammad
Medium
photograph
Date
1999 AD (C20th AD)
Shooting Date
1999-12-21
Image description

Renong's Putra light rail transit (LRT) train is seen against the Kuala Lumpur skyline December 21. Analyst said Renong was expected to sell the loss-making five-billion ringgit ($1.32 billion) Putra LRT system back to the government. The LRT project was privatised by the government but has fallen well short of traffic forecasts. Renong, Malaysia's biggest industrial conglomerate and corporate borrower wants to sell some attractive assets to raise cash but it may be hard to find buyers willing to pay premium prices.

Photo credit
REUTERS/Bazuki Muhammad / Bridgeman Images
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