Wednesday September 19, 2012
57 projects being considered for facilitation fund
PUTRAJAYA: Fifty-seven projects are being negotiated for allocations from the Public Private Partnership Unit, Minister in the Prime Minister's Department Tan Sri Nor Mohamed Yakcop said yesterday.
The projects from various sectors, including tourism, commercial and mixed development, were expected to generate RM51.5bil worth of economic spin-offs, he told Bernama after the signing of an agreement for a facilitation fund for MAHSA University College.
He said that 17 projects worth RM1.6bil have received the facilitation fund so far.
The projects had created RM16.4bil worth of economic activities, he said. The unit was evaluating another 61 projects.
“If all the projects are approved, it will entail a cumulative RM6.6bil allocation,” added Nor Mohamed, who is in-charge of the Economic Planning Unit in the Prime Minister's Department.
The Government established a RM20bil Facilitation Fund under the 10th Malaysia Plan as the “tipping point” for the Public Private Partnership Unit to help finance private sector projects. Bernama