Public Transport Fund (PLC Corp only)

  Public Transport Fund
Purpose
  • To finance the acquisition of brand new buses, taxis and vehicles that are in the waste management and the public community services.
  • To finance working capital via tawarruq (bus operators’ expenses include takaful, fuel, spare parts & maintenance).
Fund Size RM1.0 billion.
Financing Rate 2.5% flat rate or equivalent to effective rate of 4% per annum.
Financing Limit For acquisition of buses, taxis and vehicles, the maximum financing depends on the project requirement based on Pembangunan Leasing Corporation Sdn Bhd’s (“PLC”) assessment.
Margin of Financing Up to 90%.
Maximum Tenure Bus: Up to 8 years
Taxi: Up to 5 years
Waste Management and Public Community Service Vehicles: Up to 5 years
Eligibility
  • Sole proprietorship, Partnership, Private Limited, Public Company and Co-operatives.
  • Applicants must be registered in Malaysia and Malaysian-owned (at least 51%).
Target Group
  • Bus transportation operators which needs new vehicles or fleet expansion of a minimum of 3 units: stage bus, express bus and/or feeder bus.
  • Taxi operation operators which needs new vehicles or fleet expansion of a minimum of 5 units: limousine, taxi flee and/or intercity taxi.
  • Public community services: eg. waste management trucks, etc.