Page 34 - KSN English Final
P. 34
growth is due to the nation’s resilient domestic economy, sustainable construction industry should forge greater partnerships to enhance its
economic foundation and is supported by a comprehensive national competitiveness. The Private Financing Initiative (PFI) is one of such
development plan. partnerships.
Indeed, the nation has embarked on a national transformation programme, By convention, the development of physical infrastructure projects takes
which encompasses the Government Transformation Programme (GTP), the the course of request for proposals by which the winning bid will undertake
Economic Transformation Programme (ETP), the Political Transformation construction of the project. In return, payments will be received from
Programme (PTP) and the Social Transformation Programme (STP). This the Government upon completion of the said construction. However, the
demonstrates the commitment by the Government towards ensuring a limitation to the approach is the need for available development funds,
sustained economic growth for the well-being of the rakyat, in line with which sees competition from diverse areas such as defense, education,
the aspiration of “1Malaysia: People First, Performance Now”. health and waste management, among others. To address the limitation,
PFI provides an alternate approach, which not only ensures value for
In 2012, the construction sector recorded a robust growth of 18.5%, money, but greater success in management and implementation of
the highest since 1995 (21.1%), driven mainly by the civil engineering construction projects.
subsector. This is attributed to the ongoing efforts to improve road and rail
accessibility, enhance electricity generation capacity and increase oil and While PFI has long been developed and implemented in advanced
gas output in Malaysia. The key civil infrastructure projects include the economies such as the United Kingdom and closer to our region,
Second Penang Bridge Development, Kuala Lumpur International Airport Australia, the interest in PFI in Malaysia gained momentum with the
2 (KLIA2), Sabah-Sarawak gas pipe line and Mass Rapid Transit (MRT) establishment of the Public-Private Partnership Unit (UKAS) in the Prime
Sungai Buloh-Kajang. Minister’s Department in 2009. Domestic investments have broken new
grounds with investments from PFI projects contributing RM18 billion
The success of the construction sector to maintain its double-digit growth, in 2010, which subsequently increased to RM69 billion in the following
as compared to other sectors, reflects the commitment, co-operation and
determination of all parties in ensuring the national development agenda
is achieved.
Ever since the Malaysia Incorporated Model was introduced in 1983, The Sg Buloh Kajang MRT Line
smart partnerships between both the public and private sectors have
flourished in various sectors, including the construction industry. With the Sg Buloh
increased market liberalisation in various industrial sectors, the domestic Kelana Jaya Line (LRT)
Sentul
Ampang
Kota
Damansara
Kelana Jaya
Cheras
Sri Petaling
Kajang
Putra Heights
First MRT Line from Sg Buloh to Kajang
24 Humanising The Public Service : A Compilation of Speeches by the Chief Secretary to the Government 25
