Some RM10 billion in investments under the Economic Transformation Programme (ETP) over the past one year have been realised, constituting 64 per cent of the RM15 billion in investments committed for the year, chief executive officer of the Performance Management and Delivery Unit (Pemandu) Datuk Seri Idris Jala said yesterday.
He also said that Entry Point projects (EPPs) were progressing well.
“A total of 70 out of the 131 EPPs or 53 per cent had taken off. As some EPPs have multiple projects, we now have 97 projects which are in various stages of implementation,” he said in a media briefing in conjunction with the ETP having completed its first 12 months.
The ETP, launched by Prime Minister Datuk Seri Najib Tun Razak in October 2010, aims to transform Malaysia into a high income nation by 2020.
Idris Jala said, “There is positive progress after just 12 months.”
He said that by being focused on the 12 key growth areas, the Malaysian private sector’s confidence in the local economy has also increased.
“In the first half of 2011, private sector investment was up 23.4 per cent to RM51.2 billion, outstripping public investment for the same period.” Over a year, 131 EPPs had been clearly outlined within 12 National Key Economic Areas (NKEAS) towards achieving high income nation status, he said.