Budget 2012: Response from MMC Corp

The 2012 Budget announcement made by the Prime Minister today demonstrates the Government’s commitment towards strengthening the economy under a challenging global economic climate and enhancing the well-being of the rakyat, says MMC group managing director Datuk Hasni Harun.

"I am pleased to see several measures that will be put in place to stimulate the domestic economy. These measures will boost domestic consumption and productivity of our economy in the long run".

The higher allocation of RM29.8 billion for the economic sector to support the needs of infrastructure will raise the level of construction activities and in turn will provide more business opportunities.

The construction sector will also receive a boost from the implementation of the ETP and the Second Rolling Plan beginning in 2012 which focus on high-impact development projects such as the Gemas-Johor Bahru double tracking project.

The economic impact of the Ipoh-Padang Besar portion of the double tracking project, of which we are involved as the contractor, has been far reaching, with RM10 billion worth of contracts awarded to more than 600 contractors.

The MMC Corporation Group remains committed to the ETP implementation, via nation-building initiatives such as the Klang Valley MRT (KVMRT) project, expected to be rolled-out next year.

This project is line with the Government’s aim to enhance the quality of life for the rakyat. As the Project Delivery Partner for the KVMRT project, we are excited with the project’s prospects as it will provide an efficient, integrated and sustainable transport system for the Klang Valley and will serve as an economic multiplier, estimated to create 130,000 employment opportunities and generate RM3-4 billion annually in terms of gross national income (GNI).

"Our experience and track record in building complex tunnels, such as the SMART tunnel, bodes well for our bid to undertake the KVMRT tunneling works".