ATT TO: ZUNAIRA SAIEED Iskandar Regional Development Authority (IRDA) chief executive Datuk Ismail Ibrahim
PUTRAJAYA: Iskandar Malaysia has secured a committed investment of RM5.27bil for the first quarter of this year, said Iskandar Regional Development Authority (Irda) chief executive Datuk Ismail Ibrahim.
He said this contributed to the total cumulative committed investment of RM227.67bil from 2006 until March 31, 2017.
“The third wave of investment is expected to enhance the entire eco-system in Iskandar Malaysia as the spill-over effects will have higher impact on the economy.
“In this third phase, Iskandar will focus on strengthening its infrastructure with state-of-art facilities which would also benefit the rakyat,” he said in a statement issued after the 21st Members of Authority meeting on Tuesday.
The meeting was co-chaired by Prime Minister Datuk Seri Najib Tun Razak and Johor Mentri Besar Datuk Seri Mohamed Khaled Nordin.
As the development progresses, Ismail said, Iskandar Malaysia would continue attracting more people to work and live in Iskandar Malaysia which would also help improve and enhance the public transportation system.
“Iskandar Malaysia will embark on the Bus Rapid Transit (BRT) system to accommodate the targeted increase in population of up to three million by 2025. The first phase of BRT is expected to be ready by 2020,” he said.
“Iskandar Malaysia is also poised to be the preferred regional logistics hub with Port of Iskandar Malaysia envisioned to be positioned as a world-class dynamic logistics and maritime hub in Asean and Asia-Pacific,” it added.
Besides infrastructure, it said Iskandar Malaysia placed emphasis in nurturing youths and efforts to sustain urban development through youth empowerment, which was being implemented via the Johor International Youth Hub. - Bernama
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