UEM Builders Bhd’s wholly owned subsidiary Penang Bridge Sdn Bhd (PBSB) has signed a RM183.1 million term loan facility agreement with the federal government to partially finance additional works on the Penang bridge.
According to the company, the loan tenure will be 150 months from the first drawdown and interest rate will be fixed at 6% per annum. The agreement was signed pursuant to the execution of a supplemental agreement to the concession agreement between PBSB and the government, on August 30 last year.
