MALAYSIA’S TRANSPORT & INFRASTRUCTURE SECTOR 2016
This study provides insights into the transport and infrastructure sector in Malaysia and identifies potentials and challenges of European high-technology service providers in the market and outlines the current situation and latest development in the transport and infrastructure sector. Furthermore, it includes government strategies and initiatives, detailed descriptions of the role of public and private sectors, the legal framework, as well as present, ongoing and future projects. The applied secondary research to collect data and information has been extended with extensive primary research through interviews with several government agencies and industry players to provide further insights into the sector.
Malaysia is one of the most globalized and urbanized developing countries. In view of the increasing population in urban areas (urbanization), the government is leaning towards the smart city concept. In order to realize its smart city vision, particularly in the Greater Kuala Lumpur and Klang Valley region, the Malaysian government is taking positive steps to ensure a high success in the delivery of sustainable cities in its economy. This includes a strong focus on the development and enhancement of its transport and infrastructure sector.
Thereby, the transport infrastructure is a key driver of economic growth and competitiveness; it’s the backbone to any effective smart city strategy. In Malaysia, urban mobility remains one of the biggest challenges confronting the government. In fact, despite the rapid urbanization and town developments, the transport and infrastructure sector has not always been given the necessary priority. With urbanization in Malaysia expected to reach 70 percent by 2020, there is a need to enable an efficient and smooth flow of people, which in turn also enables growth of new urban areas through increased connectivity.
Today, an increased sophistication of transportation networks and services can be recognized. This development enhances connectivity within urban centers in the country via the Light Rail Transit, Monorail, Keretapi Tanah Melayu rail services and stage buses. Moreover, upcoming and highly anticipated transport projects like the LRT extensions, the Mass Rail Transit, and the Bus Rapid Transit will bring the Malaysian transport infrastructure to even greater heights. Additionally, large construction corporates are also becoming active in overseas markets and operations, opening more opportunities for collaborations with European companies in the sector. With the numerous initiatives by the government, the transport infrastructure sector is expected to continue growth, allowing European companies to further capitalize on the market opportunity as well as strengthen their presence.
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