Malaysia set 2023 infrastructure budget of US$20.43 billion
28 October 2022The Malaysian Government has set an infrastructure development budget of US$20.43 billion for 2023. A total of 7,615 development projects of all types are planned for 2023 under this budget, which represents an increase of 25.7% from 2022.
One of the major road projects being prioritised with the infrastructure development programme is the work for Phase 1b of the Pan Borneo Sabah Highway in Sabah. Also being prioritised will be infrastructure works in rural areas, including road maintenance and upgrade works.
This new follows the announcement of plans for improved transport links to neighbouring Indonesia and Thailand. The new international road links will be developed jointly with Malaysia’s neighbours, boosting transport for the region as a whole.
Related
-
AleaSoft records fall in European electricity prices
29 November 2024
-
Pathways for transitioning to EVs in Vietnam
27 November 2024
-
Masdar and Silk Road sign MoU for renewable energy in BRI countries
26 November 2024
-
World Bank lends Mexican developer $301m to build green housing
26 November 2024
-
Serbia sets maximum solar price of €72/MWh for second renewables auction
24 November 2024
-
Romania opens €150 million pot for co-located battery storage
21 November 2024