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Guan Eng says no govt investment in third national car project

The government has not made any decision to invest in the third national car project, says Finance Minister Lim Guan Eng.

He said the third national car project required a huge capital outlay and as such, it needed the involvement of the private sector.

However, he said the government has no problem in providing allocation to carry research and development (R&D).

“To date, the government has no such allocation (to invest in building third national car) under Budget 2019 except for R&D. What is wrong in us carrying out R&D if it could be used by Proton or DRB-Hicom… not necessarily for the third national car.

“To build the third national car will require investments running into billions of USD not just RM10 or RM20 million. This we have to take cognition…for those who are attempting to make frivolous claims, we hope they do not make assumptions based on inaccurate and baseless information,” he told reporters after opening the upgraded Complaint Counter of the Butterworth Police Station here today.

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