Cabinet has decided to inject RM2.8 billion for the Tun Razak Exchange project (TRX) because abandoning it will result in having to fork out RM3.51 billion in compensation.<br /><br />"It will also be an eyesore to have an abandoned mega-project in the heart of Kuala Lumpur," said Finance Minister Lim Guan Eng in a statement today.<br /><br />The RM2.8 billion injected was on top of the RM3,688 million transferred by the federal government to project owner TRX City Sdn Bhd (TRXC) since 2012.<br /><br />In total, the federal government would have to fork out RM6.5 billion.
