How did a little-known company, wholly owned by the government, come to be sitting atop a RM26 billion debt pile in a matter of several years? KINIBIZ traces the strange way Putrajaya’s private finance initiative )PFI) vehicle raised its billions in funding. Putrajaya’s PFI had been uncharacteristically low-key since its introduction to the country in 2006. KINIBIZ looks back on how the initiative was begun and how the ball started rolling. The private finance initiative raises many unanswered questions. However, it is not too late for the government to steer the initiative back to the light of transparency – here’s how.