ECRL funding: MoU signing ceremony to provide access to financing for local ECRL contractors. (From left) SME Bank chief banking officer Mohammad Hardee Ibrahim, MRL CEO Datuk Seri Darwis Abdul Razak, Ambassador of The People’s Republic China His Excellency Bai Tian, SME Bank group president Aria Putera Ismail, Lim, ECRL Sdn Bhd project director Fang Zhenru andEntrepreneur Development Ministry secretary-general Datuk Wan Suraya Wan Mohd Radzi.
KUALA LUMPUR: SME Bank has earmarked RM1bil in financing specially for local contractors appointed for the civil works packages of the East Coast Rail Link (ECRL) project.
The facility is for the appointed sub-contractors of the local portion, or 40% of the mega-project.
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