Among them are the Mass Rapid Transit (MRT) in Greater KL; a 100-storey skyscraper in the heart of Kuala Lumpur and a regasification project in Malacca.
These projects would be a boon to infrastructure and construction players, as well as those providing oil and gas support services, fabricators and those specialising in pipe-coating services.
For the MRT project to be implemented next year, the estimated private sector investment is to the tune of RM40 billion. The project is envisaged to be completed by the year 2020 and is expected to increase utilisation of public transportation by at least 40%.
Permodalan Nasional Bhd will undertake development of the integrated Warisan Merdeka, including a 100-storey skyscraper that would be the tallest building in the country, at a cost of RM5 billion. The tower will be completed in 2015, and the project would retain the Merdeka Stadium and Stadium Negara as national heritage sites.
Another mammoth project is the RM10 billion Sungai Buloh project at the current Malaysian Rubber Board land covering an area of 2,680 acres. The Employees Provident Fund will develop this project.
As the oil and gas, and energy sectors remain among the major contributors towards the national economy, the government has pledged RM146 million to support the sector and expand downstream activities.
Towards this, the government proposed an oilfield services and equipment centre in Johor that will be built at a cost of RM6 billion via private investment.
Also, Petroliam Nasional Bhd would undertake a proposed RM3 billion regasification project in Malacca, to be operational by 2012.
By The EDGE Malaysia
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1 comment:
I think Malaysian Government have made some good and strong commitments to provide a good infrastructure and a proper place so that people can suitably find good condos to buy and sell...
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