Budget 2015 will be announced by Prime Minister Datuk Seri Najib Razak at 4 pm today. We will be posting live updates on any automotive-related announcements from his speech here. Watch this space for updates.
Automotive
- RON 95 petrol, diesel and LPG – NO GST
- Subsidy rationalisation of petrol, diesel and LPG to be done in stages, government mechanism to be announced “in due time”
Transport
- Construction of Sg Besi-Ulu Klang Expressway (SUKE), 59 km stretch, at a cost of RM5.3 billion
- Construction of Lebuhraya Pantai Barat (West Coast Expressway) from Taiping to Banting, 276 km, at a cost of RM5 billion
- Construction of Damansara-Shah Alam Expressway (DASH), 47 km, at a cost of RM4.2 billion
- Construction of Lingkaran Luar KL to Hubungan Timur, 36 km, at a cost of RM1.6 billion
- Construction of MRT Phase 2 Selayang to Putrajaya stretch, 56 km, at an estimated cost of RM23 billion
- Construction of Pan Borneo Highway, 1,663 km (936 km in Sarawak, 727 km in Sabah), at a cost of RM27 billion
- LRT3 project connecting Bandar Utama to Shah Alam and Klang, at an estimated cost of RM9 billion
- To develop electric vehicle manufacturing industry, Sustainable Mobility Fund of RM70 million to be established under SME Bank – 50 electric buses to be introduced initially
- Facilitation of Bas Antarabandar (inter-city bus services) for those who live outside the city but work in KL – routes are Rawang-KL, Klang-KL and Seremban-KL, monthly fare is discounted by 30%
- Upgrading of stage bus services with existing bus operators in Kuching, Ipoh, Seremban, Kuala Terengganu and Kangar
- Electric Train Service (Ipoh-Butterworth) to start in April 2015
- Rural road upgrade project, 635 km, including trunk roads in Sabah and Sarawak, RM943 million allocated
6.15 pm – The Prime Minister has finished his Budget 2015 speech.
