‘Land public trans­port projects growth cat­a­lysts’

> Over RM70 bil­lion of in­vest­ments bring sig­nif­i­cant ben­e­fits to the peo­ple, says Na­jib

The Sun (Malaysia) - - SUNBIZ -

KUALA LUMPUR: Over RM70 bil­lion of in­vest­ments in land public trans­port in­fra­struc­ture projects have had sig­nif­i­cant cat­alytic ef­fects on Malaysia’s econ­omy, said Prime Min­is­ter Datuk Seri Na­jib Ab­dul Razak.

“The in­vest­ments in projects such as the Light Rapid Tran­sit (LRT), Mass Rapid Tran­sit (MRT) and High-Speed Rail (HSR) have had wide-rang­ing cat­alytic ef­fects on our econ­omy.

“They will bring a lot of ben­e­fits to the so­ci­ety, both im­me­di­ate and in the long term,” he added.

Na­jib, who is also the fi­nance min­is­ter, was speak­ing at the launch of the Land Public Trans­port Com­mis­sion’s (SPAD) “Five-Year Re­port, Ex­hi­bi­tion and Sym­po­sium” at the Kuala Lumpur Con­ven­tion Cen­tre here yes­ter­day.

Na­jib said over the past five years, Malaysia has taken sig­nif­i­cant strides and made good progress on the Na­tional Land Public Trans­port Master Plan, as re­flected by the higher public trans­port mode share of 22% in 2015, up from 10% in 2009.

The gov­ern­ment aims to in­crease this share to 40% by end-2020, he said.

“For this to hap­pen, our land public trans­port sys­tem and poli­cies must be more com­muter-cen­tric and re­spon­sive to fun­da­men­tal de­mo­graphic changes.”

Among the in­vest­ments lodged by the gov­ern­ment for land public trans­port are the RM40.85 mil­lion for GoKL free city bus ser­vice, as well as the RM548 mil­lion bus ser­vices ini­tia­tive called the In­terim Stage Bus Sup­port Fund.

The prime min­is­ter said the gov­ern­ment has in­vested RM20.6 mil­lion in the op­er­a­tion of myBAS ser­vices by SPAD in Kangar since August 2015, Serem­ban since Jan­uary 2016 and Ipoh since June 2016.

The gov­ern­ment has al­lo­cated RM760 mil­lion for the re­pairs, re­ha­bil­i­ta­tion and up­grad­ing works for the East Coast rail­way line from Ge­mas to Tumpat. A sum of RM661 mil­lion has been in­vested in Bus Rapid Tran­sit Sun­way, a pi­lot pro­ject via pub­licpri­vate part­ner­ship, which started oper­a­tions in June 2015. – Ber­nama

Newspapers in English

Newspapers from Malaysia

© PressReader. All rights reserved.