| Objective |
To increase the utilization of public transport by funding the improvements and growth of public transport coverage and services |
| Purpose |
- To finance the purchase of vehicles i.e. taxi, bus and other types of public transport
- To part finance related public transport infrastructure to improve services of operators and public convenience
|
| Fund Size |
- RM 100.0 million
(An aggregate of RM500 million is allocated for Bumiputera companies across all schemes) |
| Availability | - 1 January 2021 until 31 December 2023
- Application received before 31 December 2023 is granted an extension until 31 March 2024 for approval process
|
| Target Sector | - Bus operators
- Taxi and Train/rail operators
- Other means of public transports
- Suppliers/manufacturers or assemblers of public transport vehicles/trains
- Contractors or developers of the public transport infrastructure
|
| Eligibility | - Sole proprietorship, Partnership, Private Limited, Public Company and Co-operatives.
- Must be registered in Malaysia
- Majority ownership of 51% by Malaysian
|
| Facility Offered | - Term financing for acquisition of related equipment, materials and assets
- The scheme can be structured for syndication/club deal arrangements
|
| Financing Purpose | - For capital expenditure (CAPEX) and operating expenditure (OPEX)
|
| Financing Tenure | |
| Margin Of Financing | |
| Financing Amount | - Financing amount is subject to BPMB’s evaluation and credit policies. Any application exceeding the maximum amount must obtain Board approval
- As guidance,the fund available per customer may be determined based on the following categories:
1. Taxi/bus : Up to RM10 million
2. Coach/train : Up to RM50 million
3. Development of infrastructure : RM50 million - The above may vary subject to the Bank’s credit assessment.
|
| Pricing | - Government : COF + Margin – Subsidy of 2%
- Commercial: BFR + Margin – Subsidy of 2%
- Margin is up to 2% per annum. Effective rate is subject to the approving authority of BPMB
|
| Profit Subsidy | |
| Credit Related Matters | - Subject to BPMB’s credit approval processes
|
