Penang approves 280 Federal development projects worth RM33.22 billion

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280 Penang Federal projects

Highlights

Penang has approved 280 Federal development projects worth RM33.22 billion under RP2 of the 13th Malaysia Plan, with an implementation allocation of RM2.68 billion in 2027.
A total of 44 new projects worth RM578.29 million were approved, including four state priority projects totalling RM96.95 million, with RM2.2 million allocated for 2027.
The establishment of the Penang Technology Financial Centre is expected to contribute RM12.1 billion to GDP and create more than 71,000 jobs over 15 years.

This article was translated from the original. Read the original version by our correspondent here.

Approval details and 2027 allocations

As reported by The Edge Malaysia, all 280 projects were approved under the Second Rolling Plan (RP2) of the 13th Malaysia Plan, according to a statement on Monday by Penang Chief Minister Chow Kon Yeow. He said the projects comprise 44 new projects and 236 ongoing projects, with an implementation allocation of RM2.68 billion for 2027.

Chow said the 44 new projects have a total cost of RM578.29 million, with RM63.71 million allocated for next year. Of this amount, four state priority projects submitted by the state government in February also received approval.

The four projects are the Sungai Keluang Ubi Flood Mitigation Scheme in Central Seberang Perai; the upgrading of Jalan Bukit Tambun FT149 from the Federal Road FT001 junction to the Bukit Tambun Selatan Toll junction in Simpang Ampat, South Seberang Perai; Phase 2 of the Sungai Perai Flood Mitigation Scheme in Central Seberang Perai; and the mapping and development of the state's groundwater resources. The four projects have a combined cost of RM96.95 million, with RM2.2 million allocated for 2027.

Chow also said that another state priority project, the Penang STEM Talent Blueprint, had been approved earlier under the First Rolling Plan (RP1) of the 13th Malaysia Plan at a cost of RM12.3 million.

Impact on state development and the economy

The state government said it will continue strengthening strategic cooperation with the Federal government to ensure development allocations are optimally utilised to advance the state and improve public wellbeing.

The effort also includes collaboration to establish the Penang Technology Financial Centre, envisioned as the country's technology-focused financial hub. The centre is expected to contribute RM12.1 billion to gross domestic product and support more than 71,000 jobs over the next 15 years.

In our previous report on the SME Corp Malaysia Sinar Programme, this initiative was described as a channel for financing support and business assistance for micro, small and medium enterprises (MSMEs) affected by supply chain disruptions and rising operating costs. The article also highlighted the 2027 Budget's focus on allocating substantial funds for MSME development, including financing, automation, market access and human capital development.

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