According to chairman Datuk Seri Tajuddin Abdul Rahman, Prasarana can’t afford to make progress payments on a monthly asis as it needs to manage its cash flow. He pointed out that Prasarana is facing cash flow issues led by the Covid-19 fallout, of which its revenue could not cover its operations. (Pic shows Prasarna chairman Tajuddin Abdul Rahman at yesterday's media briefing)
KUALA LUMPUR: Prasarana Malaysia Bhd has paid RM3.5bil to the Light Rail Transit 3 (LRT 3) contractors up to October 2020.
According to chairman Datuk Seri Tajuddin Abdul Rahman, Prasarana can’t afford to make progress payments on a monthly basis as it needs to manage its cash flow.
He pointed out that Prasarana is facing cash flow issues led by the Covid-19 fallout, of which its revenue could not cover its operations.
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