KUALA LUMPUR, Feb 7 (Bernama) -- Terengganu is geared for further economic development with the establishment of Kuala Terengganu City Centre (KTCC) under the East Coast Economic Region (ECER) programme.
KTCC will generate investments worth RM3.9 billion, of which RM3.5 billion will be from the private sector.
KTCC will help Kuala Terengganu become a vibrant Heritage Waterfront City and an international tourism gateway to the East Coast.
ECER Development Council (ECERDC) chief executive Datuk Jebasingam Issace John was quoted as saying ECER had already attracted RM26 billion in expressed and committed investments from both local and foreign sources.
The project study for KTCC is currently in its final stages, and detailed design works and infrastructure development will be implemented under the 10th Malaysia Plan.
The KTCC project is an indication that Kuala Terengganu is ready for major transformation.
Kuala Terengganu has the only international airport in the East Coast and serves as a hub to the region, complemented by Phase 2 of the East Coast Expressway which is expected to be completed in 2011.
Meanwhile, the state's tourism is boosted by two international sporting events -- the Monsoon Cup and the Sultan's Cup Terengganu Endurance Challenge.
Menteri Besar Terengganu Datuk Ahmad Said was quoted as saying that under the Ninth Malaysia Plan, 38 projects had been approved for implementation in Terengganu including 14 cross-border projects involving other ECER states.