KUALA LUMPUR (Sept 27): A specific facilitation fund for infrastructure projects will be established under the Public Private Partnership (PPP) 3.0 model, said Prime Minister Datuk Seri Ismail Sabri Yaakob.
The project implementation model will not involve any financial commitment from the government and will adopt the request for proposal (RFP) approach, he said when tabling the 12th Malaysian Plan (12MP) 2021-2025 in Parliament on Monday.
The implementation of the projects under the new model is expected to be announced in mid-2022, he said, adding that a special PPP committee chaired by the chief secretary to the government will be established to enable PPP project consultations to be completed within a year.
Ismail Sabri said quality and reliable basic infrastructure and utilities, such as roads, rail, water and electricity supply, are important for stimulating economic growth and bridging the development divide between regions, and thereby improving well-being of the people.
“An integrated rail and road network that connects airports and ports with industrial, urban and rural areas will be enhanced,” he added.