KUALA LUMPUR: Prime Minister Datuk Seri Najib Tun Razak said the Klang Valley mass rapid transit (MRT) project would result in between RM8 billion to RM12 billion in spin-offs.
Speaking at the historic launch of the project, which was renamed MY Rapid Transit (MRT) project on Friday, July 8, he said it was one of the key projects in the National Key Economic Area under the Economic Transformation Programme.
'This project will have a positive impact on Malaysia's economy overall as it is capable of generating between RM3 billion and RM4 billion in gross national income between 2011 and 2020.
'We should also be able to see between RM8 billion and RM12 billion generated from spin-off projects from the CONSTRUCTION [] of this Klang Valley MRT project,' he said.
According to a joint statement issued by Syarikat Prasanara Negara Bhd and Suruhanjaya Pengangkutan Awam Darat (SPAD), they said the MRT is the largest civil infrastructure project undertaken by the government as part of the ETP.
They said the transport infrastructure would bring long-term benefits to the nation's economy and the public.
In effect the MRT would not only be the means to move large volumes of peoples, reducing traffic congestion and increasing productivity, but as an enable of economic growth for the whole nation and to improve the standard of living and life style'' of the large number of Malaysia workers who make the Greater KL/Klang Valley their home.
Speaking at the historic launch of the project, which was renamed MY Rapid Transit (MRT) project on Friday, July 8, he said it was one of the key projects in the National Key Economic Area under the Economic Transformation Programme.
'This project will have a positive impact on Malaysia's economy overall as it is capable of generating between RM3 billion and RM4 billion in gross national income between 2011 and 2020.
'We should also be able to see between RM8 billion and RM12 billion generated from spin-off projects from the CONSTRUCTION [] of this Klang Valley MRT project,' he said.
According to a joint statement issued by Syarikat Prasanara Negara Bhd and Suruhanjaya Pengangkutan Awam Darat (SPAD), they said the MRT is the largest civil infrastructure project undertaken by the government as part of the ETP.
They said the transport infrastructure would bring long-term benefits to the nation's economy and the public.
In effect the MRT would not only be the means to move large volumes of peoples, reducing traffic congestion and increasing productivity, but as an enable of economic growth for the whole nation and to improve the standard of living and life style'' of the large number of Malaysia workers who make the Greater KL/Klang Valley their home.
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