Penang Chief Minister Lim Guan Eng has given his assurance that the state’s plan to borrow money from the Export-Import Bank of China (Exim) to fund the Penang Transport Master Plan (PTMP) will not meet the fate of the debt-laden 1MDB.

The loan is made possible by the Penang Loan (Bank and Other Financial Source) Enactment 2017, which was passed unanimously by the state legislative assembly last night.

Lim said the money for PTMP would be loaned from a national bank in China, and not from private sources, or even 1MDB...