Ekovest to get grant for The Gateway @ KL Bund

PETALING JAYA: Ekovest Bhd has entered into a facilitation fund agreement with the Government and Bank Pembangunan Malaysia Bhd, which could see it receiving RM117mil in grant for its The Gateway @ KL Bund project.

The company said in its filing with Bursa Malaysia that the Government, through the Public Private Partnership Unit in the Prime Minister’s Department, would provide its unit, Ekovest Properties Sdn Bhd a grant of not more than RM117mil or 5% of the actual construction costs of the project, whichever is lower.