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An answer for Penang Transport Master Plan (PTMP) LRT by end 2015

This is something which I have written many times and I wish that it would come true as soon as possible. With further delay, Penang would soon be gridlocked and growth would stall. Read here: What’s up Penang? Jam has worsened. I am talking about the Penang Transport Master Plan (PTMP) which was awarded to Gamuda Bhd-;ed SRS Consortium. The Penang state government has set 31st December 2015 as the deadline for the submission of its application to build the light rail transit (LRT). Thus far, the consortium has not yet submitted its initial proposal which is supposed to include alignment and the sites for the stations.
SRS Consortium has to obtain the state’s approval before it can submit its proposal the the Land Public Transport Commission (SPAD). SRS Consortium was appointed in August 2015 and currently has 30 engineers working on the details of the project. The SRS Consortium is a joint-venture company which includes Gamuda, Ideal Property Development Sdn Bhd and Loh Phoy Yen Holdings Sdn Bhd. It is the Project Delivery Partner for the Penang Transport Master Plan (PTMP) projects. Read here: Penang’s catalyst for higher growth, awarded Total value of the PTMP which is RM27 Billion includes a 6.5 kilometre undersea tunnel, three highways and Penang Sky Cab. The undersea tunnel has been awarded to another consortium Penang tunnel and related highways, a hiccup with Astral Supreme’s pull out while the Penang Sky Cab is still under a viability study stage.
It’s always good to have continuous news announcements for PTMP. I regard this as the single most important project beside the usual Foreign Direct Investments (FDI). Without ensuring a viable transportation master plan of the state, future FDIs would definitely be tougher. Of course, it can always be based in mainland, on the Batu Kawan side but do note that the airport is in the island and it is not uncommon for a few kilometres from Bayan Lepas to the airport to take up to an hour. Coupled that with the crossing of the bridge meant a logistical nightmare when there are deadlines to be met. Best wishes PTMP.
written on 4th Oct 2015
Next suggested article: Penang property market getting bigger and exciting

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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.

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