MRT to generate RM3-4b yearly in gross national income

By Bernama

The implementation of the mass rapid transit (MRT) project in the Klang Valley is expected to generate a gross national income (GNI) of between RM3 billion and RM4 billion beginning next year until 2020, said Prime Minister Datuk Seri Najib Razak.

He said between RM8 billion and RM12 billion was expected to be generated in terms of spinoffs from the construction of the MRT project.

“RM21 billion in GNI incremental impact is anticipated to be generated in 2020 from the value appreciation of the project and the increase in productivity rate,” Najib told a press conference at the Royal Malaysian Air Force base in Subang before his departure to Kuala Terengganu for a one-day official visit.

The prime minister said the Cabinet had approved the implementation of the MRT project at its weekly meeting on Friday.

The MRT, the largest infrastructure project in Malaysia, is an economic entry point project identified for the Greater Kuala Lumpur/Klang Valley National Key Economic Area under the Economic Transformation Programme. — Bernama