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Penang given time to fulfil EIA requirement for PSI project

Property News/ 28 June 2020 1 comment

psi-to-fulfill-eia

The ministry of environment and water will give the Penang state government a chance to fulfill all 72 requirements needed to implement the Penang South Islands project despite objections from several quarters.

Deputy Environment and Water Minister Ahmad Masrizal Muhammad said the Penang state government must comply with all the conditions and stipulations set out in the Environmental Impact Assessment report before it could proceed with the project.

“Let us give a chance to the state (government) to fulfill all the requirements first and see how it goes. As long as it is able to meet the requirements, there is nothing for the state (government) to be afraid of. That should be the way,” he said today.

“We have to be fair to all parties, to whichever state government, as this is a democratic state,” he said.

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Penang South Islands project

 

The project has met objections from civil society and environmental groups, as well as the fishing communities. The latest objection was from Penang PAS who recently handed over a memorandum to environment minister Tuan Ibrahim Tuan Man, who is PAS deputy president.

“For PAS, there is nothing wrong with the party submitting a memorandum of protest following their concern for the people and the environment, this will also create a form of check and balance,” Ahmad Masrizal said.

Penang PAS urged the ministry to cancel the project over concerns of permanent environmental damage as well as its effects on the livelihood of fishermen in Penang and Perak.

Ahmad Masrizal said the ministry was also open to holding discussions between PAS and the Penang state government to clarify the issues and procedures surrounding the project.

“As I said, the ministry is trying to give the Penang state government space and opportunity to meet all of the conditions set out previously, and then we shall see if they have complied with it before taking further action,” he said.

He added that the controversy over the reclamation project for the construction of three artificial islands in southern Penang was not new.

“The only aspect in which the ministry was involved directly in the project was in the context of approving the EIA report. However, there may be some confusion. When we talk about the approval, it should be seen in the context of also fulfilling all 72 requirements,” he said.

The 17-square kilometer PSI project involves the development of three artificial islands of about 1,700-acres at waters off Permatang Damar Laut, near Bayan Lepas.

It is being developed to finance various infrastructure projects under the Penang Transport Master Plan worth RM46 billion.

Source: FreeMalaysiaToday.com

 

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Sanctuary Village

SRG_Type_B

Sanctuary Village, the 7th phase of residential development at Permatang Sanctuary by IJM in Alma, Bukit Mertajam. Strategically located within an established neighbourhood, about 15-minute drive from Juru Auto-City and Penang Second Bridge. It is only a short drive to an abundance of amenities namely AEON Mall, Tesco Hypermarket, eateries, schools and banks. Neighbouring communities include Taman Impian Ria, Jesselton Hills, The Glades.

This latest development will feature a mix of semi-detach and bungalow units, with indicative price starting from RM907,000 onwards:

Other phases:

Project Name : Sanctuary Village @ Permatang Sanctuary
Location : Permatang Tinggi, Bukit Mertajam, Penang
Property Type : 2-Storey Semi-Detached & Bungalow
Tenure : Freehold
Land Area: (to be confirmed)
Built-up Area: (to be confirmed)
Total Units : 36 (semi-detached), 4 (bungalow)
Indicative Price: RM907,000 onwards
Developer : IJM Land

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(This information will be used to keep you updated on the project and future development.)
*By submitting this Form, you hereby agree to our PDPA Consent Clause.

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SITE PROGRESS

Penang to go ahead with LRT and Penang Hill cable car projects

Property News/ 24 June 2020 4 comments

penang-mega-project
Penang will go ahead with its mega projects under the RM46bil Penang Transport Master Plan (PTMP) and also the RM100mil Penang Hill cable car project even without funding from the Federal Government.State Works Committee chairman Zairil Khir Johari said everything was still on schedule and any delay was only because of the Covid-19 movement control order.

“Yes, we have requested from the previous Federal Government to assist in the funding of the PTMP and we will continue to talk to the present government on this.

“For the Bayan Lepas Light Rail Transit (LRT) project, the model has always been to pay for the infrastructure project via land reclamation.

“No federal funding for this project is not an issue as we will raise the funds.

“Even for the cable car, there are always ways to do without federal funds. We are confident that all our projects will go on as planned, ” said Zairil yesterday.

Some RM100mil was allocated by the Pakatan Harapan government during Budget 2020 last October for the proposed Penang Hill cable car project.

However, Putrajaya announced early this month that it had cancelled the funding for the project after Perikatan Nasional took over the Federal Government.

Last year, Penang also wrote to the Federal Government to appeal for a RM10bil funding for the LRT and Pan Island Link (PIL 1), which are components of PTMP.

Former prime minister Tun Dr Mahathir Mohamad had then proposed to the state government to issue bonds to fund the Bayan Lepas LRT project.

The RM9bil LRT line will begin from Komtar and pass through Jelutong, Gelugor, Bayan Lepas and the Penang International Airport before ending at the Penang South Reclamation (PSR) near Teluk Kumbar.

The PSR is a proposed project to reclaim 1,821ha of the sea to create three islands south of the airport towards the east around Permatang Damar Laut.

The state has proposed to implement the PSR project to raise funds for the PTMP.

The state received the Environmental Impact Assessment approval in July last year with 72 conditions attached.

Chief Minister Chow Kon Yeow had earlier said that the state was still working on finalising the details of the project delivery partner agreement and trying to get confirmation from the Federal Government on providing guarantee for the PTMP’s financial arrangement with banks.

Source: TheStar.com.my

 

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Penang announced Linear Waterfront reclamation project near FIZ

linear-waterfront-reclamation

The Penang government today revealed plans to reclaim about 60ha off the Free Industrial Zone (FIZ) in Bayan Baru.

The project, themed “Linear Waterfront”, will begin from the Queensbay roundabout to the second bridge and will have an estimated gross development value of RM1 billion.

linear-waterfront-rfpBased on an artist’s impression by project owners Penang Development Corporation, the project will have four oblong-shaped strips of reclaimed land attached to the coast of Penang island.

Announcing the project today, Chief Minister Chow Kon Yeow said it would effectively extend FIZ’s electronics-dominated industrial zone and, at the same time, build a new world-class township.

He said the state government would be calling for a request for proposal (RFP) from interested parties from July 31 to Sept 30 for consideration by the city council and other authorities.

Chow said the winning RfP would reclaim the land and be the master developer for the islands.

“The older FIZ itself is located on reclaimed land measuring 453ha from the Penang Bridge up to Batu Maung in the 1970s. Besides the FIZ, the reclaimed land has been used for other purposes as well.

“The new reclamation project will allow the industrial sector in Penang to develop further and will attract more international companies to invest.

“It must be noted that this Bayan Baru and FIZ townships have raised Penang’s economy for decades and also boosted the country’s foreign direct investments.

“So, I would like to call on those experienced, creative, innovative and qualified to participate in this project,” he said at a press conference at Komtar.

Chow said the proposed project had received preliminary approval from government technical agencies.

He said the project, when complete, would also see new fishermen’s wharves set up., adding that the existing jetties were derelict and needed improvement.

Chow said besides the extension of the industrial zone, the project would entail a waterfront resort encompassing hotels, restaurants, medical, commercial and mixed development.

He said the project would also increase the state government’s landbank in the long run.

Currently, a few reclamation projects are slated for Penang, the key one being the 1,620ha three-island Penang South Reclamation project.

The others include the Seri Tanjung Pinang 2 project measuring 307ha on the northeast of the island, of which 53ha are for the Gurney Wharf project off Gurney Drive.

On the mainland, a 650ha reclamation project off the waters of Bagan Ajam in Butterworth has been mooted but has not taken off.

Source: FreeMalaysiaToday.com

 

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UPCOMING: George Town / M Summit Global Sdn. Bhd.

George Town/ 22 June 2020 No comments

summit-191-extension

A proposed extension to the existing M Summit 191 serviced residence by M Summit Global Sdn. Bhd. in George Town. It is strategically located along Jalan Magazine, immediately opposite Komtar and adjacent to St. Giles Wembley Hotel. Only a 10 minutes drive from Penang Bridge.

The new extension will feature a 13-storey tower, offering 34 serviced residence units and a rooftop swimming pool. There is also a function hall located at level 12.

Project Name: Summit 191 (extension)
Location : George Town
Property Type : Serviced residence
Total Unit: 34 (new phase)
Built-up Area: (to be confirmed)
Indicative Price: (to be confirmed)
Developer: M Summit Group

Register your interest here

(This information will be used to keep you updated on the project and future development.)
*By submitting this Form, you hereby agree to our PDPA Consent Clause.

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