BPMB approves financing for Perlis Inland Port

PETALING JAYA: Bank Pembangunan Malaysia Bhd (BPMB) has announced the approval of Tawarruq Asset Financing Facilities amounting to RM373.54mil to Inland Port Perlis Sdn Bhd.

In a statement, BPMB said this dedicated financing, spanning up to 20 years, is allocated for the engineering, procurement, construction and commissioning costs of the integrated inland port facility, Perlis Inland Port, situated in the Chuping Valley Industrial Area in Perlis.

Occupying 500 acres of land, Perlis Inland Port represents a strategic initiative to streamline Malaysia-Thailand cross-border trade, alleviating capacity constraints of the existing Padang Besar Container Terminal.