E&O secures RM1.084bil facility to fund STP2 reclamation works

A total of 384 acres will be reclaimed on the Gurney Drive foreshore under Phase 2A.

KUALA LUMPUR: Eastern & Oriental Bhd’s (E&O) subsidiary Tanjung Pinang Development Sdn Bhd, has on Friday secured a syndicated banking facility of up to RM1.084bil to finance reclamation works and infrastructure works for Seri Tanjung Pinang Phase 2.