Minister proposes budget for projects to help lure investors to Brunei
BANDAR SERI BEGAWAN - Brunei’s second minister of finance presented the proposed budget allocation at the Legislative Council meeting on Tuesday.
In his speech, Yang Berhormat Pehin Orang Kaya Laila Setia Dato Seri Setia Hj Abdul Rahman Hj Ibrahim said some of the budget items are intended to provide a secure and efficient integrated transport service network in the country.
This also includes projects that are hoped to spark economic activity and boost tourism by making it convenient to invest in Brunei.
For the next fiscal year, projects relating to the construction of roads and the bridge that connects Sungai Kebun to Jalan residency in Brunei-Muara district will get an allocation of $89 million.
Under the proposed budget, $38.6 million is allocated for the building of the Pulau Muara Besar Bridge and $300 million for the construction of the Temburong Bridge.
The government will spend $10 million on efforts to provide a more efficient, reliable and “sustainable” public transport system.
The preservation and improvement of “industrial site infrastructure”, which also falls under the Ease of Doing Business focus area, will have an allocation of $1 million under the proposed development budget.
This is a decrease from the $2.5 million that this budget item received in the previous government budget proposal.
