National Transport Policy 2019-2030 and Penang’s transport infrastructure
The newly launched National Transport Policy 2019-2030 (NTP2030) aims to set the agenda for our country’s transport sector along with the technological advances enabled by the Fourth Industrial Revolution. Asian Development Bank (ADB) estimated that the second largest sector (35%) with investment need is in transport infrastructure. That translates to US$37 billion a year for developing economies to enable them to “continue its economic growth momentum, eradicate poverty, and respond to climate change.”[1] Separately, in Asian Infrastructure Investment Bank’s (AIIB) report, the projected investment need for “transport infrastructure to support trade and economic growth” was in the region of US$500-900 billion a year.[2] In fact, the transport sector took up the largest share of AIIB’s services.[3] However, among 22 developing countries in the ADB’s report, Malaysia was the third lowest with infrastructure investment. Neigbouring countries such as Philippines, Myanmar, Indonesia, and...