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Tuesday, January 11, 2011

19 new projects worth RM 67 bil under ETP's second phase

Published: Tuesday January 11, 2011 MYT 10:34:00 AM
Updated: Tuesday January 11, 2011 MYT 1:58:58 PM
19 new projects worth RM67bil under ETP's second phase (Updated)

PUTRAJAYA: Another 19 entry-point projects (EPPs) worth RM67bil in investment were announced Tuesday as 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 here.

Najib noted that the impact of the ETP was clear, as seen in 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.

The roadmap aims to raise the living standard and quality of life of the people to a higher level.

It was announced earlier that the ETP had identified 131 Entry Point Projects and 60 business opportunities that will help the country achieve its 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.

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

"The Government is studying the possibility of deploying nuclear energy to meet future demand and diversify the energy mix for Peninsular Malaysia.

"Dr Mohd Zamzam will lead the planning, based on the current development timeline of 11 to 12 years, from pre-project to commissioning," Najib he said.

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