(Also published on The Malaysian Insider)
ETP: Part 5 — The ETP so far is just a handful of mega-projects
Dr. Ong Kian Ming & Teh Chi-Chang
Just two mega-projects and oil, gas and energy, really. Behind the apparently impressive RM176 billion of investments achieved in the ETP so far is a sobering picture. The MRT and Petronas’ RAPID mega-projects make up 55 per cent of total investments in Entry Point Projects (EPPs). Going by National Key Economic Area, 53 per cent of investments were in just one NKEA — Oil, Gas & Energy.