“The monies will be transferred in stages as planned until the project is completed in 2024,” said CEO Azmar Talib.
Last week, Putrajaya announced that TRX, which sits on a 70-acre plot of land in the heart of Kuala Lumpur and promoted by former prime minister Najib Razak, would go ahead despite allegations of financial misconduct.
The government said it would also inject up to RM2.8 billion to complete the project, saying it was to allay concerns from local and foreign investors “who have put in billions of ringgit” in the project.
It was also alleged that more than RM3 billion of government funds had been transferred from TRX, a company owned by the Ministry of Finance, to 1MDB.
Najib has denied the claim, but the company has since lodged a police report.
TRX is one of two key real estate projects under 1MDB, the other being the 486-acre Bandar Malaysia development project.
Meanwhile, Azmar said talks are ongoing with both local and foreign parties for potential investment opportunities in the project.
He said despite the project’s association with the troubled 1MDB, there has been “numerous inquiries” from local and foreign parties.
“We’re looking at a few parties to invest in TRX. However, we can’t reveal who they are as we’re still in negotiations.”
TRX developer lodges police report over RM3 billion money to 1MDB
Putrajaya says no choice but to inject RM2.8 billion to complete TRX project