malaysia-budget-2017

Malaysian Budget 2017 (Bajet 2017) will be announced by Prime Minister Datuk Seri Najib Tun Razak at 4pm today. We will be posting live updates on any automotive- and transport-related announcements from his speech here. Will there be special incentives for first-time car buyers or electric vehicles?

Auto/transport updates:

  • The limit for motorcycle loans for civil servants has been increased from RM5,000 to RM10,000.
  • A total of 97,000 street lamps will be erected, including 3,000 LED street lamps at junctions. This will involve 7,500 kampungs nationwide, including in Sabah and Sarawak.
  • An allocation of RM1.2b for the building and upgrading 616 km of kampung roads and bridges to improve connectivity with towns.
  • To maintain state roads, a total of RM4.6 billion will be allocated to all states under the Malaysian Road Records Information System (MARRIS).
  • A RM5,000 grant for taxi drivers to purchase new vehicles, plus the offering of individual taxi permits. An allocation of RM60 million has been set aside for this. This will benefit 12,000 cabbies who have ended lease contracts with taxi companies.
  • The government is encouraging the B40 group to increase income by joining ride-sharing app companies (Uber, Grab). For those who do not own a vehicle, downpayment can be made using BR1M and a RM4,000 rebate will be provided for the purchase of a Proton Iriz.
  • An allocation of RM29 million for the upgrading of drainage and two overhead ramps for the Federal Highway motorcycle lane.
  • To stimulate private investment, infrastructure projects such as Jalan Lok Kawi-Pengalat-Papar in Sabah, and Jalan Kg Keruak-Gua Musang-Kuala Berang to be carried out. Also, Batang Lupar bridge in Sri Aman.
  • To ramp up the construction of the Pan Borneo Highway between Sabah and Sarawak.
  • A RM55 billion East Coast Rail Line will be built – 600 km-long from Klang Valley to the East Coast. Starts from Port Klang and will pass by Gombak, Bentong, Mentakab, Kuantan, Kemaman, Kerteh, Kuala Terengganu and Kota Bahru. Terminates in Tumpat.
  • A RM100 million allocation for the repair of the Gua Musang-Tumpat train line.
  • Nineteen new train sets for the ETS train service, in stages till 2019.
  • An allocation of RM114 million for the building of rural roads in Sarawak.
  • 6.30 pm – The Budget 2017 presentation by PM Datuk Seri Najib Tun Razak has concluded. The above are the transport-related points, but there was nothing about the reported “first time car buyer scheme” or incentives for electric vehicles.