Pan Borneo Highway Project Sarawak (Phase 1) ("Pan Borneo Sarawak Project")

In July 2015, DanaInfra was mandated to undertake fundraising exercise to part-finance the construction of Pan Borneo Sarawak Highway (Phase 1) of up to RM13 billion with Government Guarantee.

As at 25 January 2024, the progress of Pan Borneo Highway Sarawak (Phase 1) Project is 98.91% with target completion date by 29 April 2024.

Pan Borneo Highway Sarawak (Phase 1) Project Financing Programme

The Pan Borneo Highway Sarawak (Phase 1) Project Financing Programme, which was established by DanaInfra in 2015, comprised the Islamic Commercial Papers and Islamic Medium Term Notes Programme (“ICP/IMTN Programme”) and Syndicated Islamic Revolving Credit with a combined limit of up to RM13.0 billion guaranteed by the Government of Malaysia. In May 2023, the ICP/IMTN Programme was upsized from RM13.0 billion to RM15.8 billion to meet the construction balance requirement. To date, DanaInfra has issued a total of RM13.78 billion IMTN.