PETALING JAYA: In tandem with rising cost of raw materials and fuel prices, the development expenditure for the Ninth Malaysia Plan (9MP) is expected to increase by between 10% and 15%.
Sources told The Edge Financial Daily that due to the unprecedented rising cost of raw materials especially in the construction sector, an additional amount to the tune of between RM20 billion and RM30 billion will be allocated for the 9MP.
When the plan was tabled and approved in parliament in 2006, the amount set aside for development over the entire period between 2006 and 2010 was RM200 billion.
An additional RM20 billion was to come from the private sector in the form of projects to be undertaken via the private finance initiative (PFI).
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