Malaysian 2023 infrastructure budget set

Malaysia has set its 2023 infrastructure budget.
Finance & Funding / October 24, 2022 35 seconds Read
By MJ Woof
A major infrastructure development programme is planned for 2023 in Malaysia - image courtesy of © Indos82,

The Malaysian Government has set an infrastructure development budget of US$20.43 billion for 2023. A total of 7,615 development projects of all types are planned for 2023 under this budget, which represents an increase of 25.7% from 2022.

One of the major road projects being prioritised with the infrastructure development programme is the work for Phase 1b of the Pan Borneo Sabah Highway in Sabah. Also being prioritised will be infrastructure works in rural areas, including road maintenance and upgrade works.

This new follows the announcement of plans for improved transport links to neighbouring Indonesia and Thailand. The new international road links will be developed jointly with Malaysia’s neighbours, boosting transport for the region as a whole/