Malaysia too has pledged to invest significantly in infrastructure development, as the country seeks to accelerate its recovery and further improve its economic prominence. In Malaysia’s most recent budget announcement, the government highlighted that it had earmarked a total of RM75.6bil for development expenditure. Boosting transport connectivity will continue to be prioritised.
SOUTH-EAST Asia’s infrastructure has developed rapidly, but remains far from adequate.
According to the Asian Development Bank or ADB, the infrastructure gap in the Asean region from 2016 through 2030 is approximately US$2.8 trillion (RM12.5 trillion), or US$184bil (RM819.7bil) annually.
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