HIGHLIGHTS OF THE 2011 BUDGET

To reinvigorating the private investment, the Budget has laid out the following action plans;

Privafe-public partnerships
* In 2011, private investment is estimated to expand 12.5% to RM86 billion

* The implementation of the 12 National Key Economic Areas (NKEA) to generate investment exceeding RM1.3 trillion and create 3.3 million jobs



* The private sector will finance 92% of the NKEA and the remaining by the government

* Several PPP projects identified under the 10MP will be implemented in 2011 through private investment of RM12.5 billion

* The government to allocate RM1 billion from the Facilitation Fund.

* Construction of highways such as the Ampang-Cheras-Pandan Elevated Highway, Guthrie-Damansara Expressway, Damansara-Petaling Jaya Highway, Pantai Barat-Banting-Taiping Highway, Sungai Dua-Juru Highway and Paroi-Senawang-KLIA Highway;

* Construction of a 300-megawatt combined-cycle gas power plant in Kimanis, Sabah to increase electricity generation capacity to meet rising demand; and

* Development of projects such as the International Islamic University Malaysia Teaching Hospital in Kuantan, Pahang, the Women and Children's Hospital as well as the Integrated Health Research Institute Complex in Kuala Lumpur.

* The Academic Medical Centre, a joint venture between Academic Medical Centre Sdn Bhd and Johns Hopkins Medicine International as well as Royal College of Surgeons Ireland. This project involves private investment of RM2 billion.

* 1Malaysia Development Berhad (1MDB) in collaboration with Mubadala Development Company, an investment arm of the Government of Abu Dhabi, to develop the Kuala Lumpur International Financial District (KLIFD) valued at RM26 billion, commencing in 2011.

* The Mass Rapid Transit (MRT) in Greater KL (Klang Valley) will be implemented beginning 2011. This project, with an estimated private investment of RM40 billion, is expected to be fully completed by 2020.
Upon completion, the utilisation rate of public transport is expected to increase to at least 40%.

* The Malaysian Rubber Board land in Sungai Buloh of 2,680 acres (1,085ha) will be developed at RM10 billion and is expected to be completed by 2025. The Employees Provident Fund (EPF) will undertake mixed development comprising affordable houses as well as commercial, industrial and infrastructure facilities.

* Another landmark development is by Permodalan Nasional Berhad — Warisan Merdeka, expected to be completed by 2020. Comprising a 100-storey tower, the tallest in Malaysia, it will retain Stadium Merdeka and Stadium Negara as national heritage. The total project cost is RM5 billion, with the tower expected to be completed by 2015.