| 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.
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