24 January 2024

Our Banking & Finance Partner, Chan Kwan Hoe together with our Associate, Tan Kar Seng recently acted for Bank Pembangunan Malaysia Berhad in respect of tawarruq asset financing facilities of up to RM2.7 billion to Prolintas Managers Sdn Bhd (as trustee-manager of Prolintas Infra Business Trust), a wholly-owned subsidiary of Projek Lintasan Kota Holdings Sdn Bhd (Prolintas). This financing marks a pivotal moment in supporting Prolintas' restructuring initiative for four highway concessions: the Ampang-Kuala Lumpur Elevated Highway, Guthrie Corridor Expressway, Kemuning-Shah Alam Highway, and Kajang Dispersal Link Expressway. The restructuring initiative is to ensure the sustainability and affordability of the above four highways, presenting lower rates to travellers through an extension of the concession period and lays the foundation for the listing exercise involving the above four highway concessions under a business trust which is expected to be the first listed highway trust in Malaysia.

This deal update was also reported in:
For more insight into this area of law, please contact our Partners in the Banking & Finance practice group:
Loh Mei Mei

Kung Suan Im
Ashela Ramaya
Chan Kwan Hoe
Celine Rangithan
Jayden Chuah

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