Tourism Infrastructure Fund (TIF 2.0)

  Tourism Infrastructure Fund (TIF 2.0)
Objective
  • To provide financial assistance to existing and new companies dealing with or involved in tourism related activities and services
Purpose
  • To finance the acquisition of land, construction of building, machinery and other assets related to tourism activities.
  • To part finance working capital requirements of the eligible companies involved in the tourism industry
Fund Size
  • RM1.0 billion
Availability
  • 1 January 2019 until 31 December 2020
Target Sector
  • All tourism infrastructure projects, i.e. projects that contribute to the development of tourism industry such as, but not limited to hotel, convention center, facilities related to education, medical or agro tourism.
Eligibilty
  • Applicants must be majority-owned by Malaysians (at least 51%).
  • All applicants must have a minimum paid-up capital of RM5.0 million or minimum of 20% from the total financing applied, whichever is higher.
  • Applicants must acquire an endorsement (i.e. Letter of Support) from the Ministry Of Tourism, Art And Culture (MOTAC)
Facility Offered
  • Term financing
Financing Purpose
  • For capital expenditure (CAPEX) and operating expenditure (OPEX) purposes
Financing Tenure
  • CAPEX : up to 20 years
  • OPEX : up to 5 years
Margin of Financing
  • Up to 80%
Financing Amount
  • Subject to BPMB’s evaluation and credit policies
Financing Rate
  • 4.0% - 5.5% per annum
Profit Subsidy
  • 1.75% per annum
Credit Related Matters
  • Subject to BPMB’s credit approval processes.