World bank's projections show Malaysia's economy on track to perform better: Najib (Updated)

PEKAN: The success of Malaysia in getting positive projections in its Gross Domestic Product (GDP) growth four times within only a year and four months from the World Bank shows that the country's economy is on track to perform better.
Prime Minister Datuk Seri Najib Tun Razak also described the success as a recognition because Malaysia was the only country globally to gain such projections in that short period.
"As the Barisan Nasional (BN) government under my leadership, we have developed concepts and philosophies of development as well as detailed strategies and planning to bring the country forward to become one of the most successful countries in the world someday.
"I believe the features and signs towards that goal can be seen everywhere in the country, including the completion of the Mass Rapid Transit (MRT) earlier than scheduled with cost below the actual amount.
"The implementation of the East Coast Rail LIne (ECRL) will raise the growth rate by 1.5%," he said when launching the ground ceremony for the upgrading of the Jalan Persekutuan from Pekan town to Kampung Sungai Miang here today.
At the event, Najib also announced the implementation of the upgrading work on the Jalan Persekutuan from Pekan town to Kampung Sungai Miang here involving 14.7km and an allocation of RM338 million.
He added, from the total amount, RM25 million was for land acquisition and the project being carried out by Teras Sari Resources Sdn Bhd was expected to be ready by Feb 28, 2022.
"The work being undertaken has commenced since March 1. The implementation will facilitate outside communications to Pekan town.
"Even though it does not reach Endau (Johor), it can be considered as the starting point from Pekan to the south that can be extended to the next phase according to its capability," he said.
Based on information from the Works Ministry, the project involved the upgrading of the existing road from one lane to dual lanes along the 1.7 km stretch from Pekan town to the Tanjung Agas junction.
The scope of the project also involved the construction of a four-lane double route for 13 km from the Kampung Tanjung Agas junction to Kampung Sungai Miang and the replacing of three bridges across Sungai Habib Hasan, Sungai Miang, and Sungai Air Tawar.
It also entailed the installation of street lights, upgrading of the traffic lights at Kampung Tanjung Agas and in Tanjung Agas Industry junction.
The project intersection is also in line with the proposed Highway Network Development Plan (HNDP) from Pekan, Pahang to Kota Tinggi, Johor at a distance of 240 km besides boosting the socio-economy of the areas concerned. — Bernama