Under the programme, MBSB Bank will also provide start-up funds to 15 Bumiputera companies under the new MRT Young Entrepreneur Programme (MYEP-RTS).
"This financing programme is aimed at assisting Grade G1 to G7 category contractors who are involved in MRT projects and registered under the Construction Industry Development Board to increase their competitiveness in the open market,” the parties said in a joint statement today.
According to the statement, the MYEP-RTS programme is an initiative by MRT Corp, CIDB, and Johor Centre for Construction Development to develop fresh Bumiputera graduates to become competent and successful young contractors in the industry. They said these graduates not only completed the awarded MRT subcontracts following the completion of the MYEP initiative, but they also independently bid for projects from work package contractors and were successful in their delivery.
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