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16 SEPTEMBER 2010 - The STAR

KUALA LUMPUR: A total of 53 projects are in active consideration by the Government for potential investments worth US$97bil, representing 45% of the total investment value targeted under the Economic Transformation Programme (ETP).

Topping the list for 131 entry point projects (EPPs), which have an overall investment value of US$216bil, are seven potential investors that have shown serious commitment for EPPs worth US$37bil.

One of the key projects targeted under the greater Kuala Lumpur plan is the mass rapid transit rail proposal, the brainchild of MMC Corp and Gamuda Bhd.

Further details of the EPPs will be revealed on Sept 21, the open day for public feedback and consultation with Pemandu, the Performance Management and Delivery Unit in charge of coordinating and monitoring the ETP. Public sessions in Kuching and Kota Kinabalu will be held on Oct 4 and 7 respectively.

Among the sectors identified for further development under the high income growth model are oil and gas, energy, palm oil, financial services, tourism, business services, electrical and electronics, wholesale and retail, education, healthcare, communications content and infrastructure, agriculture and greater KL.

According to Datuk Seri Idris Jala, Minister in the Prime Minister’s Department and CEO of Pemandu, domestic direct investments are projected to account for 73% of total private investment.

A total funding of over US$444bil is required for the duration of the ETP where gross national income (GNI) is projected to surge to US$523bil in 2020.

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