Monday, November 28, 2022

Najib: PH will hurt economy by axing high-impact projects

Secara Rawak

KUALA LUMPUR: The government’s high-impact projects are meant to spur the economy to raise the people’s living standard, whereas Pakatan Harapan want to cancel such projects merely to suit their political agenda, said Barisan Nasional chairman Najib Razak.

He said the opposition did not think about the effects on the nation’s economy and the people’s interests if they cancelled these projects.

Najib said Malaysia needed such projects to boost economic growth, particularly in areas that are still developing, for economic spin-offs and job opportunities for the locals.

Among the projects were the East Coast Rail Link, Kuala Lumpur–Singapore High Speed Rail, Pan Borneo Highway, Bandar Malaysia, Tun Razak Exchange, KL Mass Rapid Transit, the Pengerang oil and gas project and the KL118 tower.

“The government hopes that development can be enjoyed throughout the country by all layers of society,” he wrote in his blog yesterday.

However, Najib said the opposition wanted to abort these high-impact projects if they were to come into power. If this was to happen, 2.2 million job opportunities would be lost, including those of skilled workers with salaries above RM3,000.

Cancelling the ECRL would deprive states in the east coast of development on par with the Klang Valley, and pose difficulty in raising the income of people in those states.

“In fact, foreign investors will also lose confidence in Malaysia for arbitrarily aborting development projects that are key to economic growth and job opportunities for Malaysians,” he said.–BERNAMA

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