Malaysian Budget 2019 (Bajet 2019) will be tabled by finance minister Lim Guan Eng at 4.00 pm today. We will be posting live updates on any automotive- and transport-related announcements from his speech here.
UPDATE: Story now contains all relevant transport/auto-related points covered in the Budget.
Toll collection
- The government will put a freeze on any toll price increase on all inter-city highways in 2019, at a cost of RM700 million.
- Toll collection for motorcycles will be abolished for both Penang bridges and the Second Link to Singapore beginning from January 1, 2019, at an estimated cost of RM20 million.
Fuel
Targeted fuel subsidy for RON 95
- This will benefit four million car owners and 2.6 million motorcyclists, and will be introduced sometime in the second quarter of 2019. To cost the government RM2 billion a year.
The scheme will provide a 30 sen subsidy per litre (depending on the price of petrol) limited to 100 litres a month for cars with an engine displacement capacity of 1,500 cc and below, and 40 litres for motorcycles with an engine displacement capacity of 125 cc and below.
The mechanism of distribution has not been elaborated on, but it was announced that owners with multiple cars will not receive this benefit. Also, RON 95 pricing for non-subsidised vehicles will be set according to a managed float when the programme begins. Diesel was not mentioned.
B10 biodiesel
- Introduction of biodiesel B10 programme for the transportation sector to begin in 2019.
Roads
- RM10 million to be allocated to upgrade the Autogate Malaysia Automated Clearance System and M-Bike at both the Johor causeway and the Second Link to ease congestion issues.
- Work will continue on the Pan Borneo Highway encompassing Sabah and Sarawak, subject to a cost rationalisation exercise.
Public transport
Unlimited access monthly pass
- The government will allocate RM240 million for the introduction of an unlimited access monthly pass priced at RM100 for public transport commuters, beginning from January 1, 2019. This will allow unlimited use on all city rail services and RapidKL bus services. A RM50 unlimited access monthly pass for RapidKL bus-only travel will also be available, but the campaign will be expanded to other bus companies at a subsequent stage.
MRT 2
- To continue, cost reduced from RM39.3 billion to RM30.5 billion, representing a savings of 22.4%, or RM8.8 billion.
LRT 3
- To continue, cost reduced from RM31.6 billion to RM16.6 billion, representing a savings of of 47%, or RM15 billion.
Klang Valley double-tracking 2 project
- The project, which was awarded via direct negotiations just before the last general election for RM5.2 billion, has been scrapped, and will now be subject to a new bid carried out via an open tender exercise.
Buses
- Prasarana to improve its bus network by fully utilising and optimising its current fleet of 1,131 RapidKL, 408 RapidPenang, 69 RapidKuantan and 300 MRT feeder buses. The company will also work in partnership with other existing bus companies to manage routes and services.
- Kuala Lumpur city hall (DBKL) will allocate RM20 million next year to provide additional free GoKL free bus services from the existing four routes to further improve public transport coverage in Kuala Lumpur.
- A sum of RM500 million will be made available for a public transport loan fund with 2% interest subsidy via Bank Pembangunan Malaysia, and this will be available to taxi and bus companies as well as other public transport operators.
Railway
- An allocation of RM2.46 billion will be provided for the upgrading and restoration works of railway tracks across the country.
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