Government ready to launch seven projects under ETP

By Bernama

KUALA LUMPUR, Oct 1 — The government is ready to launch seven projects under the Economic Transformation Programme (ETP), Prime Minister Datuk Seri Najib Razak announced today.

“We are ready to launch seven new projects which I will be announcing soon. There are some major projects which will provide a huge catalyst for the market and the economy,” he said at the Asean 100 Leadership Forum 2010.

The seven projects are part of the 131 entry-point projects identified under the roadmap to be implemented over the next 10 years.

Najib said the proposed mass rapid transit network under the ETP will have a huge impact on the economy once the project starts.

“If we have that kind of projects, it will add 0.6 to 0.7 per cent to the Gross Domestic Product (GDP),” said Najib, who is also Finance Minister.

The ETP aims to increase Malaysia’s Gross National Income (GNI) to RM1.7 trillion and create some three million jobs by 2010.

The ETP needs RM1.4 trillion, of which 92 per cent will come from private investments. — Bernama