Kuala Lumpur: WCE Holdings Bhd's 80 per cent-owned subsidiary, West Coast Expressway Sdn Bhd (WCE), has received approval from the Malaysian government to secure a term loan facility of up to RM1.15 billion from Bank Pembangunan Malaysia Bhd.

According to BERNAMA News Agency, the financing facility will be utilized to partly cover the costs and expenses associated with the construction and development of the West Coast Expressway. Additionally, the funds will address other associated fees and expenses.

WCE Holdings emphasized that the financing facility is crucial to ensure the completion of the expressway, providing the necessary funding for the project.