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Press Release
Friday, February 17, 2012

Sabah to Get 31 Entry Point Projects

KOTA KINABALU: A total of 31 Entry Point Projects have been identified to be implemented in Sabah Development Corridor (SDC) and Greater Kota Kinabalu that will make an indelible impact on Sabah's economic performance and livability.

The projects, identified by the Corridors and Regional Cities Lab Programme, were launched in July last year to help align the regional economic corridors' programmes with the government's Economic Transformation Programme (ETP).

Prime Minister Datuk Seri Najib Tun Razak, when announcing the highlights of the Corridors and Regional Cities Lab for SDC and Greater Kota Kinabalu today, said the 31 projects, with a target investment of RM77.5 billion by 2020, were expected to generate RM35.5 billion incremental gross national income.

"The projects are expected to create almost 150,000 jobs and push economic growth in Sabah to an annual average of nine per cent," he said at the opening of SDC Open Day -- Corridors and Regional Cities Programme here Thursday.

Najib said following the alignment with the National Key Economic Areas (NKEAs) under the ETP, the key focus areas for the SDC would be: development and modernisation of Kota Kinabalu into a lifesytle hub; boosting attractions in Greater Kota Kinabalu, improving mobility and the public's experience of travel; boosting public and healthcare for health tourism; and, improving early childcare education.

Najib stressed that at the heart of all the initiatives, including the Corridors and Regional Cities Lab, was the government's determination to improve the lives of Malaysians and raise living standards right across-the-board.

"To do that, though, each and every one of us is going to need to throw our weight behind these far-reaching reforms -- and I call on all of you to rise as one to the challenges we face and to raise the bar to a whole new level," he said.

He urged Sabahans to show their undivided support to allow the government to continue with the enormous task in transforming the state and national economies.

Najib said the renewal process, in the name of transformation, was not only focused on big projects but would be for the benefit of the rakyat.

"Whatever we are going to do, we will do it for the rakyat. Let the rakyat enjoy it," he said. He also noted that SDC, which was launched in 2008, was well on the way to achieving its key objectives -- making Sabah not just a gateaway for trade, investment and tourism but a modern, vibrant, prosperous and harmonious place to live.

Sabah Chief Minister Datuk Seri Musa Aman, in his speech, said the SDC had yield positive results, achieving a cumulative investment of RM63 billion as at November last year.

More than RM16 billion of the investment has been realised, he said.

At the function, Najib also handed over six facilitation fund letters of offers to fund six key projects under the SDC.

The RM459.2 million facilitation fund from the federal government would be channelled to fund Sipadan Mangrove Resort in Tawau (RM49 million), Geothermal Power Plant in Tawau (RM35 million), International Technology & Convention Centre in Penampang (RM19.9 million), Integrated Jesselton Waterfront & Sabah International Convention Centre (RM250 million), mixed development and Gleneagles Medical Centre in Kota Kinabalu (RM47.7 million) and Dalit Bay Integrated Tourism Resort in Tuaran (RM57.6 million).

Najib also witnessed the signing of power purchase agreement between Sabah Electricity Sdn Bhd and Kimanis Power Sdn Bhd for the latter to supply 300 MW electricity to the former.

Source from: The Borneo Post
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