Zecon secures RM595.5mil loan for construction of children’s hospital

KUALA LUMPUR: Sarawak-based Zecon Bhd has taken a RM595.5mil syndicated term loan facility for the RM606mil Hospital Kanak-kanak Permata it is building and operating in Cheras, Kuala Lumpur.

Under the 30-year Build, Lease, Maintain and Transfer concession it won from the Ministry of Education (MoE) and Universiti Kebangsaan Malaysia (UKM), Zecon – through its wholly-owned subsidiary, Zecon Medicare Sdn Bhd – has 54 months to build and complete the 243-bed children’s hospital.