In fact, for a few projects, a combination of methods have been used as clearly seen in Appendix 1. In addition the National Electricity Board was corporatized as an initial step towards privatization. Another 18 projects have been approved by the Government for privatization. Among the important privatization candidates that have been approved are the airports, the Royal Malaysian Navy Dockyard at Lumut, the Malayan Railway and rice milling complexes belonging to the Nafional Padi and Rice Board. These entities would be corporatized initially with the view to privatizing them later.
Negotiations are under way to finalize the privatization of the production of animal vaccines.
As for new projects, the Govenunent has decided to privatize the Shah Alam Highway and the Seremban-Port Dickson Highway through open tender. The candidates include the major ports, the Postal Services Deparunent, and Government quarries. While it is still early to make an assessment of the effectiveness of the privatization programme, some measures of performance are available to indicate the extent of achievement in implementing the privatization policy. Efficiency Gains 9 . There are clear indications that privatization has led to increased efficiency.