The Penang Development Corporation (PDC) has officially issued a Request for Proposal (RFP) for Linear Waterfront development involving land reclamation and land development along the Penang Island southern coastline, marking one of the most significant coastal development initiatives in recent years

The proposed development corridor stretches from the Queensbay Roundabout (Bulatan Harapan) to the Jambatan Sultan Abdul Halim Muadzam Shah (Second Penang Bridge), covering a strategically located waterfront zone adjacent to Bayan Lepas and Bayan Baru. According to the tender notice dated 15 January 2026, the project is open to local, international companies or consortiums.

The RFP encompasses both land reclamation works and subsequent land development, with a departmental indicative price of RM2.56 billion. PDC emphasised that this figure is an estimate and is not binding, nor does it guarantee project award or completion based on the stated amount.

While the RFP does not spell out specific development components, the scale and location of the project suggest long-term implications for Penang’s coastal urban form, connectivity, and economic positioning. The initiative is expected to attract strong interest from developers with experience in large-scale reclamation, mixed-use waterfront planning, and infrastructure-led developments.

According to information shared during Penang Week @ World Expo Osaka 2025, the development is estimated to have a gross development value (GDV) of RM9.8 billion. It is envisioned as a mixed-use waterfront district featuring a GBS business district, waterfront commercial spaces, serviced apartments, business hotels, lifestyle malls, marine-related activities and a transportation hub. A continuous waterfront promenade, incorporating pedestrian walkways and dedicated bicycle paths, is planned as a key public-facing element of the proposal.

Interested parties may purchase the tender documents from 15 January 2026 until 22 April 2026, at a non-refundable fee of RM5,000, with submissions due by 23 April 2026 at 12.00 noon at PDC’s Procurement Division in Bayan Lepas.

Further details and technical specifications are available directly from PDC through the official tender documentation.