Monday, July 6, 2015

Analyst wants Putrajaya to peg ringgit

Analyst wants Putrajaya to peg ringgit

Malaysia’s ringgit is sliding toward its fixed exchange rate of a decade ago and central bank assurances the weakness will prove temporary aren’t convincing everyone.

Putrajaya has been urged to revert to the system of pegging the ringgit to counter its current depreciation and enable it to stabilise.

Md Shukri Shuib, who is a senior lecturer in political and international studies at Universiti Utara Malaysia, said it was crucial to peg the ringgit because its sliding value could push up import costs, thus impacting the prices of essential goods.

"The fluctuating Ringgit will not only have a bearing on international trade but if left uncontrolled, it can lead to higher cost of living, and could become one of the factors behind the disruption of the three universal functions of politics, economy and social.

"There's little point in the nation garnering an income of RM104 billion from the tourism industry when millions of Malaysians are experiencing the negative effects of the ringgit's depreciation,"

Putrajaya Bridge

Project Description: Construction of Putrajaya bridge started in June 1998 and was completed in 2000. The bridge consists of 2 pylons which is 53 m. high and 1 arch bridge which is 32 m. high.
The main span length is equal to 300 m.
For hangers of arch, 50 tons of 46 BBR DINA 120 dia. 7 mm. are installed..
For stay cables, 750 tons of 84 BBR CONA are installed; 44 main cable stay and 40 for back stay cables, with lengths varying from 60 to 160 m. .


Technical Specifications: .
Span: 1 span of 300 m .
Stay Arrangement: Double plane .
Superstructure: Deck width: 32 m,.
Shape: box girder,.
Material: precast concrete .
Pylon: 2 pylons,.
Height: 53 m,.
Material: in situ concrete .
Arches: Span: 300 m,.
Height: 32 m,.
Material: steel .
Stay Cables: 84 BBR CONA from 43 x 0.6" to 91 x 0.6",.
Total quantity: 750 t,.
Cable lengths: from 60 to 160 m .
Hangers: 46 BBR DINA 120 dia. 7 mm,.
Total quantity: 50t .