“Projects such as upgrading, expansion and maintenance of transportation networks and projects such as the Electrified Double Track Gemas – Johor Baru rail project, Pan Borneo Highway, Klang Valley Electrified Double Track Phase 1, Rapid Transit System as well as the expansion of Kuantan Port and airport in Sandakan will give the impetus for the recovery to the economy, ” MIDF Research said.
PETALING JAYA: MIDF Research views the increased allocation for development expenditure under Budget 2021 as a positive move by the government in the midst of the country’s economic recovery.
Of the RM322.5bil total allocation, about RM69bil will go towards the development expenditure compared to RM56bil under Budget 2020.
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