The First Selangor Plan (RS-1) 2021-2025, which is the framework for mobilising State policy for a period of five years, involves projects and initiatives worth a total of RM212.44 billion.
Selangor Menteri Besar Datuk Seri Amirudin Shari said of that amount, RM92.44 billion is for development projects at the State level with allocations coming from the State government, subsidiaries and private funding.
“For State-level development, an allocation of RM7.16 billion will be from the State government acting as seed capital and catalyst for the implementation of 262 initiatives under RS-1.
“While RM34.26 billion involves development projects (allocated) under the State government subsidiaries and RM51.02 billion involves private financing,” he said in a press conference after presenting RS-1 at the Selangor State Assembly here on Wednesday.
Amirudin said the remaining amount would include infrastructure projects at the Federal level, such as the East Coast Rail Link (ECRL), Light Rail Transit (LRT) and High-Speed Rail Transit (MRT), worth more than RM120 billion in Selangor.
He said the RS-1 five-year planning effort will focus specifically on economic growth, empowering the people through welfare programmes, sustainable development, and efficient, transparent systems and services.
“This planning is expected to meet Selangor’s desire as a State that contributes 30% to the country’s Gross Domestic Product (GDP) by 2025,” he said.
Currently, Selangor contributes about 24.8% to the country’s GDP.
Amirudin said RS-1 has placed 14 macro indicators as overall achievement indicators for strategic themes to ensure that the strategies and initiatives implemented can be evaluated in terms of their success.
“Among the main targets to be achieved by 2025 is State GDP growth of 6.5 to 7% per year; approved investments for main and sophisticated sectors amounting to RM25 billion to RM35 billion a year, and the total employment opportunities targeted between 3.5 and 3.8 million people, equivalent to about 97% of the total labour force in Selangor,” he said.
RS-1 also includes four strategic themes, namely economic strengthening, improving social inclusiveness and people’s well-being; sustainability drive and smart and effective governance; five policy catalysts and 262 projects and initiatives that include 19 change drivers or “game changer projects” for the State.
- The Edge Markets