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Prolintas secures RM2.7b financing to restructure 4 of its freeway concessions, paving the best way for IPO

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Prolintas secures RM2.7b financing to restructure 4 of its highway concessions, paving the way for IPO

Freeway concessionaire Prolintas has secured Tawarruq Asset Financing services totalling RM2.7 billion from Financial institution Pembangunan. The money will probably be used for a complete restructuring train involving 4 of the group’s concessions, specifically the Ampang – Kuala Lumpur Elevated Freeway (AKLEH), Guthrie Hall Expressway, Lebuhraya Kemuning – Shah Alam (LKSA) and the Kajang Dispersal Hyperlink Expressway (SILK).

Prolintas says that the concession restructuring initiative is to make sure the sustainability and affordability of the highways, with decrease toll charges for customers. The restructuring additionally lays the inspiration for a list train involving the concession corporations.

The corporate says that years of planning by investing in the appropriate areas, with prime precedence for security and know-how, has boosted its operational effectivity, permitting it to take care of sustainable funding returns and good yield to buyers after toll fee discount.

“Our partnership with Prolintas exemplifies Financial institution Pembangunan’s dedication to delivering impression capital for nationwide growth and our counter-cyclical function in bolstering long-term sustainable infrastructure funding. Given their integral function within the Kuala Lumpur outer ring highway system, these highways play an important half in linking communities to satellite tv for pc cities and financial hubs inside the Klang Valley,” stated Roni Abdulwahab, group CEO of Financial institution Pembangunan.

“We’re happy to accomplice with BPMB on this financing initiative. At Prolintas, we’re dedicated to offering the very best freeway service. The financing from BPMB strengthens our skill to facilitate capital financial growth, restructure our debt whereas persevering with to supply enhanced city connectivity and realising our mission of changing into the commuters’ route of selection,” stated Datuk Mohammad Azlan Abdullah, group CEO of Prolintas.

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