MIRI: The area on both sides of the Malaysia-Brunei border is set to become one of the most vibrant social and economic development hubs in Borneo, with billions of ringgit worth of infrastructure projects being planned.
The latest Brunei development blueprint states that the sultanate wants to implement infrastructure and power-generation projects worth over US$3bil (RM11.4bil) in the Sungai Liang industrial zone near Lumut, which is only half an hour from the Malaysian border near here.
Brunei Economic Development Board chief executive officer John Perry, during a briefing on Tuesday in Bandar Seri Begawan, said a power generation plant would be built in Sungai Liang at a cost of US$400mil (RM1.52bil).
The plant is expected to generate 500MW of electricity.
Another project on the cards is a rubber recycling plant costing some US$1.8bil (RM6.84bil) and an aluminium smelter (RM5.7bil).
Perry said the projects would redefine Bruneis image from just an oil-producing nation to one with a diversified economy for its long-term well-being.
He said Brunei hoped to lure private and government investments as well as foreign direct investments to finance the massive projects.
On the Malaysian side of the border, a RM200mil bridge linking Sarawak and Brunei over the Kuala Baram River is nearing completion, while a RM131mil four-lane highway project to join the Miri-Bintulu highway has started.
Construction of a new bridge across Miri River, linking Lutong to Miri town, has also begun. The Sungai Tujuh Immigration Centre is expected to undergo a RM200mil revamp soon.
Did you find this article insightful?