Penang CM: State not expecting much funding

  • Nation
  • Monday, 05 Nov 2018

Chow Kon Yeow. -filepic

GEORGE TOWN: Penang is not expecting much funding from the federal government’s Budget 2019, according to Chief Minister Chow Kon Yeow (pic).

“It has been assumed that Penang is now a developed state in terms of balanced development geographically and we recognise that.

“So, we will not expect much from the federal government based on the current situation,” Chow said yesterday when responding to a question by journalists on the Bud­get tabled by the Finance Minister.

Nothing specific has been allocated for the state apart from the abolishment of the motorcycle toll on both bridges connecting the island starting next year.

Chow said the state would continue to harness the 4P (public, private, professional and people partnership) model to carry out projects with minimal use of public funds.

“The state government will be the facilitator and approving authority, and we welcome private financial initiatives to help Penang grow.

“If we can get federal funding, we can do more.

“But if we get less, the 4P model will be used,” he said.

Chow added that the state recognised the financial needs of the country.

He also said the state, like others, would still apply for the budget allocation when needed.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 1
Cxense type: free
User access status: 3
Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!

Government , budget 2019


Next In Nation

Malaysia regains Cat 1 International Aviation Safety Assessment safety rating, says Dr Wee
PM to seek audience with King to present potential parliament dissolution dates
PM to seek audience with King to present possible Parliament dissolution dates
Over RM8.8mil claimed in child car seat rebates, says Miros
Umno top five reach consensus on GE15, but date still opaque
Black panther caught in Semenyih housing estate
MACC chief among those in Sabah Governor's birthday honour list
Shah Alam stadium to be demolished, new state-of-the-art facility to be built in its place
Umno supreme council members arrive for special meeting
Telecommunication tower to be built in Danum Valley, says Comms Ministry sec-gen

Others Also Read