PETALING JAYA, 13 July: The Asian Development Bank (ADB) has signed an advisory agreement for a US$50 million (RM199 million) public-private partnership (PPP) project that will equip Malacca with energy-efficient road lights.
The Malacca Road Lighting Project will see the installation of over 100,000 smart light-emitting diode road lamps across the state using a digital networked lighting system.
In a statement yesterday, ADB said it will carry out a detailed project study, develop a bankable PPP structure, design a procurement strategy to identify and select a suitable private sector partner, and advise on the selection and negotiation with the private sector partner.
A key feature of the project is a planned “pay through savings” model with the financing costs to be reimbursed over time as a result of reduced spending on lighting through the replacement of older, more energy-intensive lamps.
The project is expected to lower energy costs, reduce carbon dioxide emissions and enhance road safety. It will also support Malaysia’s drive to cut its greenhouse gas emissions intensity by 40% by 2020, and will be an important initiative under the Sustainable Urban Development Programme for the Indonesia-Malaysia-Thailand Growth Triangle.
— THE SUN