Session: CPS 73 - Finance and business statistics V
Evolution of the Transportation Sector in Malaysia
Author & Presenter :
Ms. K Megala Kumarran, Senior Assistant Director
Co-authors:
Mr. Nivethan M. Mariappan
Ms. Nurul Nahzira Nur
Abstract: In this modern era, transportation system is a mechanism which plays as an efficient tool for serve economy of the country. Transportation systems is consisting four types of transport which is land, railway, water and air transport. In the year 1903, Malaysia unveiled its transportation system by land as a gateway to the development of socio economy. The primary transportation was enforced to interact with the involving larger cities in the rubber and tin mines. Now, with the evolution of transportation system, we could see railway system in Malaysia has expanded from steam train in the beginning to electric train in Keretapi Tanah Melayu Berhad (KTMB). Furthermore, now Malaysian government working with the Singapore government with East Cost Railway Link (ECRL), a mega project, where both countries can be concentrated by land and the project expected to be completed in the year 2027. As we talk about Malaysia Gross Domestic Product (GDP) 2021, the main contributor is the sector which contributed about 57.0 per cent. As we zoomed into services sector, the transportation sub-sector is the third largest contributor for Malaysia GDP. The transportation sub-sector amounted RM42.7 million (3.1%) to the services sector. Therefore, this paper aims to analyse the growth, progress, and the evolution of transportation system for the past and the revert 10 years. |
