SME Bank has set aside RM1 billion in financing specially for local contractors appointed for civil work packages of the East Coast Rail Link (ECRL) project.<br /><br />The facility is in the form of Term and Revolving financing and is capped at RM50 million for each applicant.<br /><br />A tripartite memorandum of understanding (MoU) was signed between the bank, the Malaysia Rail Link Sdn Bhd (MRL) and China Communications Construction (ECRL) Sdn Bhd (CCC-ECRL) to facilitate financial solutions on Monday.
