Penang Undersea Tunnel deal under investigation

January 11th, 2018 Leave a comment

proposed

The Malaysian-Anti Corruption Commission (MACC) probe into the controversial Penang undersea tunnel is focused on land swaps that were made for the feasibility and detailed design study which has yet to be completed.

Sources said investigators are scouring documents involving two plots of land – Lot 702 and Lot 713 in Bandar Tanjung Pinang – with a size of 1.48ha and 2.31ha respectively.

The value of Lot 702 is around RM135mil while Lot 713 is around RM160mil.

It is learnt that both parcels of land have since been mortgaged to banks to obtain financing. The state government has also authorised planning permission on both parcels of lands.

An artist’s impression showing where the tunnel project will start on the island.

An artist’s impression showing where the tunnel project will start on the island.

“It has become an issue on why the study cost was inflated so much when it should have been an estimated RM60mil,” sources said, adding that determining the inflation and the reason behind it were among the challenges faced by the investigating team.

The sources also said that the graft-busters have their sights targeted on “somebody” who has been enjoying kickbacks and entertainment from the deal.

The feasibility and detailed design study is for the 7.2km undersea tunnel connecting Gurney Drive on the island to Bagan Ajam in Seberang Perai.

It is part of the RM6.3bil mega project comprising a 10.53km North Coastal Paired Road (NCPR) from Tanjung Bungah to Teluk Bahang, the 5.7km Air Itam–Tun Dr Lim Chong Eu Expressway bypass and the 4.075km Gurney Drive–Tun Dr Lim Chong Eu Expressway bypass.

Read more: TheStar.com.my

 

Categories: Property News Tags:
  1. Jeff
    January 11th, 2018 at 20:15 | #1

    A laughing stock at its best ! Keep talking but nothing has been done even after 5 years ?

  2. Gabriel
    January 12th, 2018 at 18:48 | #2

    What a shame!

  3. Huanchookia
    January 13th, 2018 at 22:10 | #3

    If 1mdb project, no question ask lo…

  4. Gabriel
    January 15th, 2018 at 10:07 | #4

    There is no project under 1mdb which was awarded close to five years ago but no result to date. The penang tunnel will be a record holder for incompetence.
    Not to mention about money being paid, but no result at all.

  5. Oh nice
    January 15th, 2018 at 17:28 | #5

    peanut lar compare to 1mdb , no big deal…

  6. Jibby
    January 16th, 2018 at 09:06 | #6

    Playing politics needing funding and where you got those $ from? At the end of the day, some of these $ goes back to people. As long the people’s choice is working hard for the sake of country and people. Know you all hate the evil politician but the fact is there is greater evil politician and lesser evil politician. There is no clean politician out there

  7. Leong
    January 16th, 2018 at 09:53 | #7

    Penang need Move Forword…

    Penang gov not pay FD $$$$ ….

  8. Gabriel
    January 19th, 2018 at 10:06 | #8

    1MDB is peanut compared to this…

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