Latest news with #RM112.9
Borneo Post
02-08-2025
- Business
- Borneo Post
New access road linking Samarahan to KIA southern zone to open this September
Nanta (front, left) being briefed by Public Works Department (JKR) Sarawak director Dr Cassidy Morris (second right) while Stakan assemblyman Datuk Hamzah Ibrahim (third right) looks on. KUCHING (Aug 2): The new access road linking Jalan Datuk Mohammad Musa in Samarahan to the southern zone of Kuching International Airport (KIA) is expected to be completed and open to traffic by next month (September), said Works Minister Datuk Seri Alexander Nanta Linggi. During a site visit today, Nanta said the project was 96 per cent complete, with the remaining four per cent involving the installation of road furniture and street lighting. 'This road will serve as an alternative route once completed, helping to ease road congestion from Samarahan to Kuching,' he told reporters at the project site. He said the federally funded project was progressing smoothly and would be completed to high quality standards. Once completed, the new road will feature an elevated interchange, flyovers, improved drainage systems, utility infrastructure, and a new electricity substation. 'With a more structured and competitive road network, we are unlocking broader development potential and strengthening urban connectivity,' he said, highlighting the importance of strategic investments in road infrastructure to support inclusive and sustainable growth. 'The Works Ministry will continue to uphold this mandate responsibly to advance the state and ensure the well-being of its people, in line with the aspirations of Sarawak Maju Makmur 2030,' he added. The RM112.9 million project was designed to improve connectivity between Bukit Berangan in Kota Samarahan and Stampin Baru in Kuching, traversing a critical zone near the KIA Runway 25 precision approach. Previously, the project faced delays pending approval from the Civil Aviation Authority of Malaysia (CAAM). Final clearance was granted by CAAM's Air Navigation Services and Aerodrome Division (ANSA) on July 3 this year. On broader development, Nanta said Sarawak stood to gain significantly from initiatives under the 13th Malaysia Plan (13MP), which align with the state's Post Covid-19 Development Strategy 2030 (PCDS 2030). He pointed to infrastructure, human capital, education, healthcare, green technology, renewable energy, and hydrogen as key focus areas. 'The 13MP mentioned that Sabah and Sarawak, the two Borneo states, will be developed as hubs for the energy industry,' he said. As for the Works Ministry, Nanta reaffirmed its core mission of implementing infrastructure projects such as road networks and public utilities. 'The Public Works Department (JKR) plays a major role not only in road construction but also in building schools, colleges, hospitals and clinics for other ministries such as the Ministry of Education and Ministry of Health,' he said. He added that the Construction Industry Development Board (CIDB) oversees Malaysia's construction industry to ensure it meets international standards.
New Straits Times
31-07-2025
- Business
- New Straits Times
13MP: Malaysia eyes up to 5.5pct GDP, 6.0pct private investment growths annually by 2030
KUALA LUMPUR: The 13th Malaysia Plan (13MP), covering 2026 to 2030, has set ambitious yet attainable targets aimed at boosting economic growth, raising household income and ensuring inclusive development across sectors. Among the goals, the country's gross domestic product (GDP) is projected to grow between 4.5 and 5.5 per cent annually. Sector-wise, agriculture is expected to expand by 1.5 per cent a year, mining by 2.8 per cent, construction by 5.0 per cent, manufacturing by 5.8 per cent and services by 5.2 per cent. To drive economic expansion, total investments are projected to grow 5.5 per cent annually. Private investment is targeted to grow at 6.0 per cent annually, amounting to RM417.9 billion while public investment is expected to rise by 3.6 per cent or RM112.9 billion annually. Malaysia's gross exports are forecast to increase 5.8 per cent annually by 2030 with the current account balance to gross national income (GNI) projected to reach 2.2 per cent by 2030. Other economic targets include increasing labour productivity by 3.6 per cent annually, achieving full employment by 2030, and keeping inflation within 2.0 per cent to 3.0 per cent. The fiscal deficit is expected to fall below 3.0 per cent by the end of the plan period. GNI per capita is projected to reach RM77,200, with employee compensation to GDP targeted at 40 per cent. The average monthly household income is expected to rise to RM12,000, while the absolute poverty rate is targeted to drop to 4.7 per cent. To strengthen socio-economic resilience, the plan targets a 1.1 per cent annual population growth and a 20-year increase in post-retirement life expectancy by 2050. The Malaysia Well-being Index (MyWI) is projected to grow by 1.6 per cent annually. In education, Malaysia aims to align its Programme for International Student Assessment (PISA) and Trends in International Mathematics and Science Study (TIMSS) scores with global benchmarks. It also targets 70.1 per cent of graduates to work in fields related to their qualifications by 2030. In healthcare, the plan aims to reduce out-of-pocket expenses and lower the percentage of adults with health risk factors to 32 per cent. By 2030, the government aims to deliver 500,000 affordable housing units to meet rising demand and ensure broader homeownership access.
