Malacca state in Malaysia to spend US$196.75mn on road building
The Malacca state government in Malaysia will spend US$196.75 million (MYR 612.30mn) to build and improve roads in the state. The budget will develop 73 road projects that will connect more places within the state.
March 15, 2013
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The Malacca state government in Malaysia will spend US$196.75 million (MYR 612.30mn) to build and improve roads in the state. The budget will develop 73 road projects that will connect more places within the state.
The Australian Government is announcing plans to invest A$24 billion (US$23.73 billion) in transport infrastructure across the country. This will form the second part of the country’s five-year Nation Building Plan (NBP). The investment will be used to improve roads, railways and ports between 2014/2015 and 2018/2019. One stage of the NBP will involve spending A$525 million to upgrade and widen the M80 Ring Road in New South Wales (NSW) in a project that will include installing the latest traffic management
The Ministry of Infrastructure Development and Communications (MIDCom) for Malaysia's Sarawak state on the island of Borneo said that the state will need over US$ 4.68 billion (MYR 15bn) to finance the construction of 5,00kms of new roads. The roads are set to stretch between the interior areas, including Baram Basin and Kapit, to the major cities in the state. Funding for the project would be shared between the state and federal governments, according to MIDCom's Minister Michael Manyin.
With economies booming in the BRIC countries and other regions, spending on infrastructure is at a high - Patrick Smith reports As economic crisis grips much of the world, many countries are still spending billions on infrastructure to improve transportation. While the USA and Europe struggle with debt problems (and this has affected much of the rest of the world) the development of highways, airport, ports and other infrastructure is gathering pace in other regions to boost economic developments.
