Mustapa: Govt to seek loans for multi-billion ringgit projects

KUALA LUMPUR (Nov 23): The government plans to borrow loans to finance multi-billion ringgit infrastructure projects, Minister in the Prime Minister's Department (Economy) Datuk Seri Mustapa Mohamed told the Dewan Rakyat today.

These projects include the Pan Borneo Highway, the Central Spine Road (CSR, or Kuala Krai–Kuala Pilah Highway) and the Gemas-Johor Baru Railway Electrified Double-Tracking Project, Free Malaysia Today reported.

Mustapa was replying to a question raised by Pasir Salak MP Tajuddin Abdul Rahman during the Ministerial Reply Time for the Budget 2021.

According to Mustapa, Putrajaya targets to complete these projects under the 12th Malaysia Plan (2021-2025).

He added that if these planned projects were stopped, contractors, engineers, lawyers and suppliers will not have jobs. “Everything is interrelated (when spurring the economy),” he said.

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