Hottest Online News Portal

Kedah Mulls Financing Options For Kulim Airport

in Latest

GURUN – The Kedah state government is looking at various financing methods for the construction of the Kulim International Airport (KXP) once the green light comes from the federal government.

Menteri Besar Datuk Seri Mukhriz Mahathir said the state government had applied for federal approval to build the airport, estimated to cost RM1.6 billion.

“If the federal government has an allocation for the airport’s construction, we welcome it, but we are not totally dependent on it, and we are looking at other approaches to finance the project,” he told reporters after launching the construction of Go Automotive Manufacturing Sdn Bhd’s (GoAuto) second plant here today.

Mukhriz, who had earlier stated that the airport would spur the economy of the state as well as the peninsula’s northern region, was responding to a question on whether the Budget 2015 cost-cutting measures would affect the project.

As a non-oil producing state, Kedah has not had to review its budget, he said, adding the slump in global oil prices presents opportunities for countries like Malaysia.

“Low oil prices would boost the manufacturing sector in oil-importing countries like China, Japan and Korea, and they will import equipment and components from Malaysia,” he said.

In the current economic situation, he said, Kedah is focusing on attracting investments in high-technology industries from countries like China as well as developing the Kulim Hi Tech Park, Kedah Medical Science City at Bandar Baharu and Kedah Science Technology Park at Bukit Kayu Hitam.

The state will also develop ‘Rubber City’ in Padang Terap and Kedah Aerocity next to KXP if the airport project is approved, he said. – BERNAMA

Latest from Latest

Go to Top