Putrajaya approves RM33.22bil for 280 development projects in Penang

The federal government in Malaysia has approved RM33.22 billion for 280 development projects in Penang, as part of the Second Rolling Plan (RP2) 2027 of the 13th Malaysia Plan (13MP). Chief Minister Chow Kon Yeow announced that RM2.68 billion would be allocated in 2027 alone, with 44 new projects and 236 ongoing initiatives. This includes four state priority projects, such as the Sungai Kelang Ubi flood mitigation plan and the Penang STEM Talent Blueprint.

The approval comes after Prime Minister Anwar Ibrahim announced plans to develop Penang as a national technology hub, supported by a RM100 million fund.

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