Skip to main content

Malaysia highway deal to receive funding

Funding is being secured that will help pay for the Sarawak Coastal Highway project in Malaysia. The State Government for Sarawak has set a budget of US$2.65 billion for four key infrastructure projects, including the highway, as well as the second state trunk road. All four of the projects are expected to start in 2019 and 2020. A number of Malaysia’s major contractors are reportedly keen to bid for the coastal highway project. The coastal highway project includes the construction of a number of bridges a
February 28, 2019 Read time: 1 min

Funding is being secured that will help pay for the Sarawak Coastal Highway project in Malaysia. The State Government for Sarawak has set a budget of US$2.65 billion for four key infrastructure projects, including the highway, as well as the second state trunk road. All four of the projects are expected to start in 2019 and 2020. A number of Malaysia’s major contractors are reportedly keen to bid  for the coastal highway project. The coastal highway project includes the construction of a number of bridges along the route.

Related Content

  • Slovakia to tap into the European Fund for Strategic Investment
    December 4, 2014
    The Slovak Finance Ministry has confirmed that it has earmarked two projects for which it will apply to the EU for funds from the newly created European Fund for Strategic Investment (EFSI). European Commission President Jean-Claude Juncker recently announced the creation of the US$26.2 billion EFSI fund as part of EC's $388 billion three-year investment plan to boost Europe's struggling economy. The two projects for which Slovakia plans to apply for funds from EFSI are the completion of the construct
  • Australian state government does a deal with East West Connect
    April 15, 2015
    The state government of Victoria in Australia will pay the East West Connect consortium US$258 million to cancel construction of Melbourne’s East West Link road tunnel. The payoff is to cover the consortium's bidding, design and pre-construction costs and draw a line under the deal that has been mired in financial controversy for years. The federal government slammed Victoria’s decision to bail out of the project as “an obscenity’’ that will cost 7000 jobs, according to a report in The Australian news
  • Investment from Taiwan will boost Guatemala’s transport infrastructure
    July 16, 2013
    Financing from Taiwan will help develop road infrastructure in Guatemala. Both the Taiwanese Government and private Taiwanese sources are supplying funding streams to Guatemala for transport infrastructure development. The Taiwanese Government is donating US$50 million to help improve the section of the Atlantico road connecting Sanarate and El Rancho. Taiwan is also providing a further $50 million in the shape of a loan for the project. This loan will be repayable over a 20 year period. The Atlantico road
  • Penang’s PAN 1 project to go ahead amid environmental concerns
    April 17, 2019
    Malaysia’s Penang state has approved the PAN 1 Highway project but with conditions attached following an environmental impact study. Work could start next year on the 19.5km project – officially called the Pan Island Link 1 - that will likely cost around US$1.7 billion, according to a report in the newspaper Sundaily. The project will consist of 7.6km of viaducts, four tunnel sections totalling 10.1km in length and embankment sections totalling 1.8km. Penang Island, around 300km², is the main islan