With federal funds for PTMP, scale of PSR to be reviewed.

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

I no longer stay in Penang but I support the Penang South Reclamation (PSR) scheme. The main reason is because it provides funding for Penang Transport Master Plan (PTMP) without which PTMP will not have the fund to proceed. Let’s understand that traffic jams in Penang is also getting worse and there are no alternative roads usually. Connectivity will also enhance business activities which is a good thing for the state and its people. As for the details for PSR and how it will affect the environment and the fishermen’s livelihood for example, that will have to be transparently handled. The latest news is that PSR’s current scale may be resized (downwards) if there are federal funding for its PTMP.

Article in thestar.com.my Chief Minister Chow Kon Yew said, “We can relook at the scale of the PSR project if we have the funding from the government. The size of the land to be reclaimed can be relooked, but the PSR scheme is still needed. We need PSR not only to finance the PTMP, but also to drive the state’s economic development in the future.” The PSR is a massive reclamation plan totalling 1,800ha. This is the size of 3,600 football fields. There will be three man-made islands for PSR; Island A (930ha), Island B (445ha) and Island C (323ha). Island A is seen as a conti­n­­­uation and expansion of the Bayan Lepas Free Industrial Zone (FIZ) while Island B will be “a playground for city planners and architects to give their best design” with a tram system and green spaces. Island C is meant for a mixed development project. Chow said that currently the Department of Environment (DoE) has only approved the Environmental Impact Assess­ment (EIA) of the Pan Island Link 1 connecting Gurney Drive to Tun Dr Lim Chong Eu Expressway near Bayan Lepas Free Trade Zone. For the full article, do refer to Article in thestar.com.my

FIZ is already fully occupied except for some small pockets of land here and there. Given a choice, any electronic manufacturing plant will prefer to be located as near to the island as possible. The reason is not just for logistics connectivity but also for hiring of professionals. Truth is, it’s not easy to hire good talents and get them to work far away from Penang island. island B will be a very interesting model. If it’s successfully carried out, I think it will be a great place to stay too. Perhaps there’s no need to drive! Last but not least, I would like to remind everyone about that important matter too; Penang International Airport. Even after expansion, it’s still considered small if we look at Penang as an entry point into Malaysia from the northern side. By the way, it’s closer to China, for example… 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 Mohd Nasri Bin Mohd Zain >

Next suggested article:  Penangs overhang is dropping. Time to buy?

We love to hear from you

You may enjoy these articles too.

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 1,205 other subscribers

Property investment news everyday?

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

If you are a Charles Tan fan, like this post