January 17, 2018
LABUAN – Some investors made their ‘u-turn’ to look for investments in Labuan Island after the government expressed their commitment in making Labuan-Sabah Bridge as a reality said Labuan Member of Parliament, Datuk Rozman Isli this afternoon.
Speaking before the media, he told that those investors were initially not so keen to invest by looking into the economy of the island which was badly affected by the downturn in the oil and gas sector.
“The bridge project is so important for investments to pour into Labuan, as we want more private sectors to play their roles to spur the economic growth in Labuan,” he said during the media briefing on Labuan Blueprint 2030 at Labuan Financial Services Authority (Labuan FSA).
He said further that more than RM400 million projects had been approved to improve further the facilities here in this island under Budget 2018.
Some RM170 million would be spent for the road projects and RM100 million had been allocated under the ministry of health to build health clinics and quarters for the staffs in Labuan.
Another RM100 million had been allocated to replace the pipe around Labuan to resolve the water supply issue here, as Labuan had been experiencing pipe leakages which affected the water supply to the people.
Under the Budget 2018, the swimming pool at Labuan Sport Complex would be rebuilt together with some pipe replacement where around RM20 million had been approved for the project.
Another RM20 million also being allocated to encourage the growth of fishing industry here under Malaysian Fisheries Development Board (LKIM).
Rozman also spoke that the long-awaited mini circuit here had also been approved for the motor sport enthusiasts with a total construction cost RM7 million, where RM3 million would be allocated under phase one of the project.
Meanwhile, the prime minister, Datuk Seri Najib Razak was expected to announce the construction project for affordable homes (PPR) for the people at Kampung Lajau on tomorow.
Some 500 units of the PPR totalling RM107 million would be constructed as soon as possible, said Rozman.
The highlight of the prime minister’s visit to this island on tomorrow was the launcing of Labuan Blueprint 2030.