What is the GTFS 2.0?

In April 2018, the MOF had approved an extension of the GTFS known as GTFS 2.0 with a financing amount earmarked up to RM 5.0 billion. The Scheme was later launched on 3rd May 2018 in Kudat, Sabah. However, after the 14th General Election in May 2018, the new Government administration had decided to discontinue the Scheme. Later, on 6th March 2019, MOF had approved to reinstate GTFS 2.0 with the allocation of RM 2.0 billion for the period of January 2019 until the end of 2020. The Scheme which will last for two (2) years will be offering a 2% p.a. interest/profit rate subsidy for the first seven years and 60% government guarantee of green component cost.