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 Highway Sarawak (Phase 1) of up to RM13.0 billion with Government Guarantee.

As of 25 November 2025, the progress of Pan Borneo Highway Sarawak (Phase 1) Project is 99.98% with ten of its eleven work packages fully completed and progressively opened to the public. The remaining work package is scheduled for completion in 2029.

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 whilst RM800.0 million IMTN has been redeemed.