KUALA LUMPUR: WCE Holdings Bhd
’s 80 per cent-owned subsidiary West Coast Expressway Sdn Bhd (WCE) has received the Malaysian government’s approval to accept a term loan facility of up to RM1.15 billion from Bank Pembangunan Malaysia Bhd.
In a filing with Bursa Malaysia, WCE Holdings said the financing facility would be used to partly finance the costs and expenses related to the construction and development of the West Coast Expressway, as well as other associated fees and expenses.
The company added that the financing facility would provide the necessary funding to ensure the expressway’s completion. - Bernama
