THE construction sector has emerged as one of the biggest winners in the Ninth Malaysia Plan (9MP) with the approval for quite a number of large infrastructure projects after two years of absence.
The stage has been set for a strong foundation for the economy to grow and prosper, as well as enhancing the people's well being.
Infrastructure and construction companies are now looking forward to clinching more lucrative projects after the two-year long drought that plagued the sector and resulted in poor earnings performance among industry players.
The 9MP has provided significantly larger allocations in areas such as sewerage, water supply, flood mitigation, public transport and rural roads upgrades.
All the large industry players have built up expertise and experience in these areas and are well positioned to participate in these upcoming projects.
Heads of these companies are eager to get on with these projects and are hoping the relevant ministries will expedite announcement of the said tenders so that contractors can immediately bid for them.
Master Builders Association Malaysia (MBAM) has appealed for the allocation to be quickly broken into smaller contracts so that a wide group of registered contractors and subcontractors will benefit from the projects.
Lauding the generous allocation, MBAM said the money to be pumped into the sector would spread and spur domestic consumption spending, sustaining employment of a large construction workforce and utilisation of locally produced equipment and materials.
There is a good spread of projects across the length and breadth of the country.
Penang folks have every reason to smile as the state will be getting the long-awaited second Penang Bridge, estimated to cost RM2.6bil; the monorail project (RM1.2bil) and Penang Outer Ring Road (RM1bil).
The other notable projects include the Pahang-Selangor Raw Water Transfer project, estimated at RM3.8bil, which will solve the water woes of Klang Valley folks.
In Johor, a new state administration centre will be built in Bandar Nusajaya while the Senai Airport will be expanded.
Ninth Malaysia Plan Links
Click here for the full text of the Prime Minister's speech on the Ninth Malaysia Plan to Parliament.
Click here for the full text of the Ninth Malaysia Plan.
Read our Special Report on the Ninth Malaysia Plan here.