Stimulus package: To speed up roll-out of RM21bil worth of projects

  • Economy
  • Thursday, 27 Feb 2020

KUALA LUMPUR: The government plans to speed up the implementation of RM21bil worth of projects this year, as it seeks to boost business confidence.

Interim Prime Minister Tun Dr Mahathir Mohamad on Thursday said the government is planning to call for bids to build a 1,400MW solar power plant.

The project, involving RM5bil in investment from the private sector, is expected to create around 25,000 jobs.

Meanwhile, the Malaysian Communications and Multimedia Commission will invest RM3bil this year under the national fiberisation and connectivity plan.

Mahathir said government-linked companies (GLC) such as Tenaga Nasional Bhd is planning to spend RM13bil to accelerate projects such energy efficient street-lighting, grid power transmission and roof-top solar panel installation.

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