Posted on 17 Oct 2023
The Malaysian government has agreed to resume a proposal for the construction of five Light Rail Transit (LRT3) stations and a rail project in the country next year, Kallanish notes.
The country's Prime Minster Anwar Ibrahim says in his Budget 2024 speech that these stations, namely stations Tropicana, Raja Muda, Temasya, Bukit Raja and Bandar Botanik that were previously cancelled, will be revived at a cost of MYR 4.7 billion ($990 million),
Anwar also announces that the government will proceed with the long overdue Penang LRT to Seberang Perai, as planned by the state government. Investment amounts to MYR 10 billion under a public-private partnership (PPP).
He also notes that the tender process for the 19 packages of work for Phase 1b of the Pan Borneo Sabah road project, spanning 366 kilometres with a cost of MYR 15.7 billion, will be completed by November of this year.
The Sarawak-Sabah Link Road (SSLR) Phase 2 project, spanning over 320 kilometres, involving a cost of nearly MYR 7.4 billion, will also commence at the end of this year.
Anwar also announces the expansion the North-South Expressway (PLUS) from four to six lanes is extended from Sedenak to Simpang Renggam at a cost of MYR 931 million.
The implementation of a total of 33 high priority flood mitigation projects will also be undertaken at a cost of MYR 11.8 billion next year.
As for the property sector, Anwar says the government will allocate MYR 2.47 billion for public housing projects (PPRs) in Malaysia for the year of 2024.
A total of MYR 546m is allocated for continuing the implementation of 36 PPRs, including a new project in Kluang, Johor. Meanwhile, 14 affordable housing projects continued to be constructed with 3,500 housing units with an allocation of MYR 358m.
Kallanish notes however that the Malaysian government has allocated MYR 90 billion for development expenditure in 2024, down from budgeted development expenditure of MYR 99 billion this year.
Source:Kallanish
