PUBLIC TRANSPORT SCHEME (PTS)

ITEM DESCRIPTION
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
  • Up to 10 years
Margin Of Financing
  • Up to 80%
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 1.5%
  • Commercial : BFR + Margin – Subsidy of 1.5%
  • Margin is up to 2% per annum. Effective rate is subject to the approving authority of BPMB
Profit Subsidy
  • 1.5% per annum
Credit Related Matters
  • Subject to BPMB’s credit approval processes