Public transport gets a boost with new half-a-billion ringgit fund

Published on 2 May 2019 7:29:16 PM

Finance Minister Lim Guan Eng introduced on Thursday a RM500 million fund to improve the country’s public transport.

Lim said under the Public Transport Fund, companies involved in public transport will be offered a 2% financing rate.

The Finance Minister said the fund, to be managed by Bank Pembangunan Malaysia, may be used to purchase buses, taxis and other public transportation vehicles.