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RM67bil fresh ETP injection

By Wednesday January 12th, 2011 No Comments

PUTRAJAYA: Another 19 entry point projects (EPPs) worth RM67bil in investments are now part of the Economic Transformation Programme (ETP).

Prime Minister Datuk Seri Najib Tun Razak said the projects from 10 National Key Economic Areas (NKEAs) would generate RM36bil in gross national income and create 35,000 new jobs.

“As we approach the first 100 days after the launch (of the ETP), I am pleased to announce 19 more EPPs and developments,” he said at the third ETP update at his office yesterday.

Najib noted that the impact of the ETP was clear, as seen by the performance of Bursa Malaysia which closed on a high of 1,572.21 points on Jan 7.

In October last year, Najib announced the first 18 EPPs under the ETP.

The ETP, which forms part of the New Economic Model roadmap, will transform Malaysia into a high-income, inclusive and sustainable nation.

It was announced earlier that the ETP had identified 131 Entry Point Projects and 60 business opportunities that would help the country achieve high-income nation status by 2020.

Four of the EPPs are under the Oil, Gas and Energy NKEA, three under Business Services, three under Greater Kuala Lumpur, two under Healthcare, two under Tourism, and one each under Education, Agriculture, Wholesale and Retail, Communications Content and Infrastructure, and Electrical and Electronics.

ExxonMobil Exploration and Production Malaysia Inc, together with its production sharing partner Petronas Carigali Sdn Bhd, plan to invest RM10bil in new oil and gas assets to help ensure reliable and sustainable energy supplies for Malaysia.

Najib also announced the formation of the Malaysia Nuclear Power Corporation, which would be led by CEO Dr Mohd Zamzam Jaafar.

Source : The Star

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