ECRL Project Set to Boost Terengganu’s GDP to RM48.2 Billion by 2040

Terengganu’s economy is expected to record strong growth, with its gross domestic product (GDP) projected to rise from RM34 billion in 2020 to RM48.2 billion by 2040, thanks to the East Coast Rail Link (ECRL) project.

State Committee chairman Mohd Nurkhuzaini Ab Rahman said the projection, based on data from PlanMalaysia’s ECRL Integrated Land Use Master Plan (PeGTa), reflects an average annual growth of 1.8 per cent.

ECRL Project

He noted that the ECRL’s construction and operations would stimulate investments in the industrial, logistics, trade, and tourism sectors, while transit-oriented developments (TOD) are planned around major ECRL stations including Jerteh, Bandar Permaisuri, Kuala Terengganu, Dungun, Kemasik, and Chukai.

Nurkhuzaini added that the project is poised to strengthen the regional transport network, generate new employment opportunities, and boost Terengganu’s economic competitiveness within the East Coast corridor.

Business News