Multi-billion projects in the pipeline

The STAR 16-10-2010

PETALING JAYA: The Government has earmarked several multi-billion projects that will see the construction of several highways, a mass rapid transit (MRT) system, and the Kuala Lumpur International Financial District (KLIFD) amongst others, to be kicked off next year.

Generally, the planned development is well-received by the construction sector.
P
rime Minister Datuk Seri Najib Tun Razak yesterday said in the Budget 2011 speech that under the public-private partnership (PPP) initiatives, several projects under the 10th Malaysia Plan would be implemented next year through private investment of RM12.5bil. The Government had allocated RM1bil from the facilitation fund.

Among the PPP projects mentioned are the
construction of several highways and
300-megawatt combined-cycle gas power plant in Kimanis, Sabah.Others are
the International Islamic University Malaysia Teaching Hospital,
the Women and Children’s Hospital,
Integrated Health Research Institute Complex in Kuala Lumpur and
Academic Medical Centre.

Additionally, high-impact strategic developments were also identified.

The first is RM26bil
KLIFD where the Government is prepared to consider special incentive packages to attract investors to the KLIFD. Next, is the
MRT in Greater KL with an estimated private investment of RM40bil which is expected to be completed by 2020. Also, the mixed-development of the
Malaysian Rubber Board (MRB) land in Sungai Buloh to be undertaken by the Employees Provident Fund (EPF). This is to be completed by 2025 and the development is estimated at RM10bil. Finally is the development of another landmark building, a RM5bil 100-storey tower,
Warisan Merdeka to be developed by Permodalan Nasional to be completed by 2020.