What is GTFS 4.0?
The government continues to support the development of green businesses with the reinstatement of the GTFS 4.0 up to RM1.0 billion for the period until 31 December 2025. The financing scheme will continue its support to six (6) key sectors which include Energy, Manufacturing, Transport, Building, Waste and Water.
GTFS 4.0 will also continue to provide the 60% to 80% government guarantee on the green component cost financed by Participating Financial Institutions (PFIs) as well as the rebate of 1.5% per annum on interest/profit rate. One of the main enhancements of GTFS 4.0 is the inclusion of Housing Developer and Low Carbon Mobility Infrastructure to be eligible for financing investments related to Building and Transportation projects. The Housing Developer and Low Carbon Mobility Infrastructure is eligible to obtain a maximum financing of RM100 million and RM50 million respectively. The financing scheme continues supports other categories such as Producer, User and ESCOs which have been introduced in the scheme previously.
The implementation of GTFS 4.0 is important to ensure green technology-based projects continue to receive support, which will directly contribute to the growth and development of the green technology industry and also catalyst to the Climate Change policy.