KUALA LUMPUR, Dec 5 — The extended Covid-19 outbreak in the country has continued to affect the construction industry this year, but the impact has been more moderate compared to last year due to a vaccination rollout targeted at construction workers, among others.
He said the government has ensured that construction projects followed strict compliance with standard operating procedures and the vaccination of workers. “A total of RM18 billion was the estimated loss during the MCO 3.0 period which started in June 2021 until September 2021. The remaining RM24 billion was the loss from the implementation of MCO1.0 in 2020 which affected construction work from March to July 2020. About 10,000 projects were affected by the pandemic,” he said.
The construction industry’s output is expected to be supported by the gradual economic recovery, a focus on completing large infrastructure projects, and an increase in investment in industrial and energy projects. In September 2021, the government announced a plan to establish the Public-Private Partnership 3.0 model as a specialised mechanism to fund infrastructure projects to stimulate economic growth in the 12th Malaysia plan between 2021-2025.
As part of the 12MP, the government announced its goal of developing 120 cities to achieve sustainable city status by 2025, by providing additional support to private sector projects that implement strategic development programmes.In September 2021, the federal government approved Kelantan’s RM25.8 billion water infrastructure project.