What is the RM14 billion cost breakdown for Pan Borneo Highway Phase 1B?

Question

Accepted Answer

Pan Borneo Highway Phase 1B Incurs RM14 Billion Cost, Structured Through Development Allocation and Loans

The Pan Borneo Highway Sabah Phase 1B project has a total cost of RM14 billion. This significant financial outlay is divided between a RM5 billion development allocation and RM9 billion secured through loans.
Development Allocation and Loan Structure

The RM14 billion total for Phase 1B comprises a direct development allocation of RM5 billion from government funds. The remaining RM9 billion is being financed through loans, indicating a substantial reliance on borrowed capital to fund this infrastructure initiative.
Project Scope and Progress

Phase 1B of the Pan Borneo Highway project in Sabah covers a stretch of 388 kilometres. As of the reported period, the physical progress of this phase stands at 12.27 per cent. This follows Phase 1A, which encompasses a 318-kilometre section and has achieved 86.53 per cent physical work progress.
Addressing Implementation Challenges

Efforts are underway to prevent issues encountered in Phase 1A, such as land acquisition and utility relocation, from impeding Phase 1B. The Public Works Department (JKR) is actively working to reduce the timeframe for these processes, aiming to shorten them from the previous two years to a single year. This acceleration is being facilitated by the appointment of private valuers, addressing a previous shortage of appraisers within Sabah.

Reading history

Hide →

This history is cleared when the page is closed.

What is the RM14 billion cost breakdown for Pan Borneo Highway Phase 1B?

Loading

Was this article helpful?

Helpful

Not helpful

Report an issue

1

0

0

Share with friends