Penang island? Which one? :P Three new islands approved.

Share on facebook
Share on twitter
Share on linkedin
Share on whatsapp

In the future, when we talk about ‘staying in Penang island,’ we will need to specify exactly which one. The reason is because Penang’s proposed Penang South Reclamation (PSR) project to create three islands off the southern coast of the main island has been APPROVED. Penang Chief Minister Chow Kon Yeow, in a brief statement, confirmed that the National Physical Planning Council (NPPC) had agreed to the implementation of the project as long as it adhered to the 18 conditions set. He did elaborate what they were. He added, “The project was proposed as it is a funding module for the implementation of the Penang Transport Master Plan.” (Yes, it is envisioned that with this funding, the state government will have less need to ask for funds from the federal government for its Penang Transport Master Plan (PTMP).

Article in themalaymail.com With regards to the feedbacks from relevant technical departments, Chow said that the state government will adhere to all conditions set by the NPPC. The PSR is a reclamation project which will create islands covering 4,500 acres off the southern coast of the Penang island. With these islands, the state’s land bank will increase and lots of the islands will be sold to raise money for the RM46 billion PTMP. Island A will be zoned as a new industrial park due to its proximity to the airport. Island B will be specifically for high-end support services for the industrial park, such as financial services, business services and tourism. Island C will be for the creation of new tourism products for Penang. Gamuda Berhad is part of SRS Consortium, the project delivery partner for the PTMP. Article in themalaymail.com

There are objections to these new islands due to environmental concerns. For example, article in NST.com.my here. NGOs shocked Penang South Reclamation project gets green light. The Consumers’ Association of Penang (CAP) President S.M. Mohamed Idris said “Indeed, we cannot understand how the approval for the PSR was given, when the costs of the reclamation and the Penang Transport Master Plan (PTMP) are massive, even compared to the East Coast Rail Link (ECRL).” There were also social and environmental concerns over the project, including its effects on the livelihoods of local fishermen. Just yesterday, this article was published on Penang Island Link (PIL) and LRT was also given the nod too. I think it’s very important to go back to the basics of environmental concern. Actually, environment protection also needs funds and not just to preserve everything untouched forever. It may be best for the state and NGOs to have a better discussion. Actually, both wanted the BEST for the state of Penang. This one, I am very sure. Happy following.

Please LIKE kopiandproperty.com FB page or Sign Up for free to get daily updates about the property market.

Article written and edited by Charles. News article summarised by Dina Batrisyia.

<Featured Image is courtesy of Stock Photos from SeraphP>

written on 18 April 2019

Next suggested article: Over 20,000 visitors to KIEA on first day. Buy Buy Buy?

kopiandproperty.com

kopiandproperty.com

kopiandproperty.com is everything about property related writings and news. Enjoy reading with a latte.

Leave a Replay

LIKE us for property news update, FREE.

LIKE us for property news update, FREE.

Property investment news everyday? Subscribe for free!

An article a day, keeps updated all the way.

Join 1,174 other subscribers

Property investment news everyday?

An article a day, keeps updated all the way. Subscribe for free!

%d bloggers like this: