support@kopiandproperty.com

Advertisement Banner

LRT, PIL and PSR will start in Q4 2020.

Penang has a catalytic masterplan called Penang Transport Master Plan (PTMP). Within this plan are the Light Rail Transit (LRT), Pan Island Link (PIL) and the Penang South Reclamation (PSR) projects. The project delivery partner (Pdp) is SRS Consortium. A project delivery partner is basically the project manager who will ensure the projects are completed on time. Within this SRS Consortium would be Gamuda Berhad who was the Pdp for MRT Sungai Buloh – Kajang (SBK) and the project was completed ahead of schedule.

Article in malaymail.com Penang Chief Minister Chow Kon Yeow said that the state government expects the construction work on the light rail transit (LRT), Pan Island Link (PIL) and Penang South Reclamation (PSR) projects under the Penang Transport Master Plan (PTMP) to begin by Q4 2020. He said, “We, together with SRS Consortium, are hoping to sign the agreement for the projects (soon).”

He also shared that the reclaimed land of Gurney Coast will be ready by April. The proposed LRT will cover 27 stations and 29.9km, running from Komtar to the Penang International Airport, including to the three future reclaimed islands in the south of Penang under the PSR. The PSR is a 1,821 hectares of three man-made islands and this will be to fund the PTMP. The PIL1 is a 19.5km-long toll-free highway alignment from Gurney Drive to Tun Dr Lim Chong Eu Expressway near the Bayan Lepas Free Industrial Zone IV area. Please read the full article here: Article in malaymail.com

Yea, there are still controversies surrounding the PSR currently which is said to be a threat to the environment. I think we will see how the state will be engaging the NGOs moving forward because the estimated Q4 is still many months away. If based on just my Penangite friends, they are generally supportive of the PTMP even if most of them are not familiar with the plans beyond just an LRT, 3 new islands and a new toll free expressway. Happy following.

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

Next suggested article: Maybe only time can save a project if it’s too overpriced

Property Investment always start with knowledge. Equip ourselves with more here.

Motion arrow towards right
Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Motion arrow towards right
Share on facebook
Share on twitter
Share on linkedin
Charles Tan The Founder The Writer Kopiandproperty
Charles Tan

Charles is Founder of kopiandproperty.com He writes from his investment experience for the the past 20 years in investments including property, stock, unit trust and more as well as readings and conversations with many property gurus in the industry. kopiandproperty.com is an independent property blog which is not affiliated to any media company, property developer or even real estate agencies.

Advertisement Banner

Facebook Comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Table of Contents

Most Recent Posts

join the family

Like us for daily investment news and more

Hit the like