THE Infrastructure Development Trust Fund (Dissolution) Bill, 2025 is necessary to modernise Sarawak’s infrastructure planning and financing processes, says Batu Kitang assemblyman Lo Khere Chiang.
He said the trust fund, established in 1985 to support private developers in building essential infrastructure for new housing estates, had served its historical purpose.
With advancements in planning frameworks, financial models, and governance mechanisms, he said the continued existence of the trust fund is no longer necessary.
“The Ministry of Works and Special Functions, which previously managed the Fund, has undergone structural changes and now delivers projects through updated mechanisms.
“The Bill provides the legal mechanism to formally dissolve the Trust Fund; transfer all remaining balances to the Consolidated Fund under the direction of the State Financial Authority, and remove all statutory references linked to it,” he said when debating the Bill today (May 21).
Despite the dissolution, Lo emphasised the importance of honouring the fund’s legacy. “Let us not forget that this Trust Fund once played a pivotal role in shaping our physical landscape.
“It helped build the roads, drains, and basic infrastructure that laid the foundation of many of our communities today.
“We should therefore dissolve it not with disregard, but with due respect, acknowledging its role, and closing the chapter with dignity,” he added.
