The Northern Corridor Implementation Authority (NCIA) has proposed several projects to implement in the four northern states, says Chow Kon Yeow.

The Penang Chief Minister said the projects in Perlis, Kedah, Penang and Perak were to be carried out by the government or through private financial initiatives.

He said this was discussed during the NCIA Council meeting chaired by Prime Minister Tun Dr Mahathir Mohamad on Monday (March 18).

“The purpose of the meeting was to get the council’s endorsement to proceed with implementation.

“Penang also had a lot of proposed projects tabled during that meeting,” he said on Wednesday (March 20).

Chow said among projects mentioned were the Interchange in Batu Kawan, Industry 4.0 programmes for SMEs, expansion of Penang Port, extension of Northern Corridor Highway to the Second Bridge, and the expansion of Penang International Airport to increase its current capacity from 6.5 million passengers per year to 16 million.

Other projects were an aquaculture project in Balik Pulau, Penang Port and the link to Butterworth Outer Ring Road, a bridge linking Batu Kawan Industrial Park to Nibong Tebal, tourism projects and human capital development programmes.

Chow said he had also requested the inclusion of Penang Transport Master Plan projects.

“We hope that all these projects will be implemented in the four states so that the Northern Corridor will be a catalyst for growth,” he added.

Source: TheStar.com.my

For illustration only (from KXP Facebook)

The government has announced seven mega projects costing over RM3bil for Kedah for development in the state to bring it on equal footing with more progressive states.

Economic Affairs Minister Datuk Seri Mohamed Azmin Ali (pic) announced that the projects are the Kulim International Airport (KXP); a manufacturing industries and logistics hub in Sidam near Kulim; two phases of the Northern Corridor highway project over a 70km stretch; a digital library in Alor Setar; a petrochemical industrial park in Gurun and the Kasih Ibu Darul Aman (Kida) programme.

As for the two phases of the Northern Corridor Highway, the first phase is from Bandar Baharu (Kulim) to Sungai Petani and the second phase from Bandar Baharu to the Sultan Abdul Halim Bridge in Penang, at an estimated cost of RM1.7bil, he told a press conference after a special meeting with federal and state government officers and staff here on Tuesday (March 19).

Also present were Kedah Mentri Besar Datuk Seri Mukhriz Tun Mahathir and Kedah State Secretary Datuk Ammar Shaikh Mahmood Naim.

Mohamed Azmin said the KXP project will cost RM1.6bil; the manufacturing industries and logistics hub, RM300mil; the digital library, RM15mil and the petrochemical industrial park, RM2mil.

Source: Bernama

A newly proposed development by Viva Prima Development Sdn. Bhd. at Bukit Minyak. Located near Jalan Bukit Minyak, this development is adjacent to BM Utama housing scheme by DNP Land. It is 20 minutes drive away from Penang Bridge, under 5km to AEON Mall at Bukit Mertajam.

This development comprises 52 and 2 units of 2-storey terrace and semi-detached houses respectively.

The project is still pending for approval. More details to be available upon official launch.

Project Name : (to be confirmed)
Location : Bukit Minyak
Property Type : Terrace & semi-detached
Built-up Size: (to be confirmed)
Land Area: (to be confirmed)
Tenure: Freehold
Total Units : 54
Indicative Price : (to be confirmed)
Developer : Viva Prima Development Sdn. Bhd. (WHH Land)
Last Updated: July 2020

Location Map:

The proposed Pan Island Link 1 (PIL1) highway project has hit a snag after the state government failed to obtain a RM1bil bridging loan.

Chief Minister Chow Kon Yeow said since the loan from the federal government was not forthcoming, the project delivery partner would now have to source for the funds.

“This is an additional option we are looking at,” he told the Sunday Star regarding the loan from the federal government which had been pending for some time.

Chow said the government was still waiting for the Environmental Impact Assessment approval for the Penang South Reclamation (PSR), the funding model for the RM46bil Penang Transport Master Plan (PTMP) encompassing the PIL1.

When asked if the PSR projects would be approved in June as mentioned early this year, Chow said “hopefully”.

However, SRS Consortium, the project delivery partner, said the state should stick to the agreement in the Request For Proposal that mentions that the state would come up with RM1bil, while the company looks for the RM1.3bil bridging loan to kick-start the project.

“That was what was agreed upon,” said SRS Consortium project director Szeto Wai Loong.

“In fact, we are looking at the overall approval for the PTMP projects if the PSR funding could be obtained by June.”

He said the necessary regulatory works and awarding of contracts would take place after the approval and the actual construction could only begin a year after that.

“We understand the state is looking at all aspects for the project, as such it would take some time to get the approvals,” he said.

The controversial PIL1 is designed to solve the island state’s traffic congestion and cater to the economic needs of Penang over the next five decades.

The first phase of the PTMP is the construction of the PIL1 and the Bayan Lepas LRT.

Presently, the Tun Dr Lim Chong Eu (LCE) Expressway is Penang’s only spine road, which is perpetually congested.

The PIL1 is expected to serve as a second link with a ring traffic dispersal system connecting the North Coast Paired Road, Gurney Express­way, the LCE expressway, the Penang International Airport and the first as well as second Penang brid­ges.

The RM7.5bil PIL1 (19.5km six-lane highway) will meander along the foothills of Penang Hill from Gurney Drive to the airport.

The highway is designed to enable motorists to reach the airport in 15 minutes from Gurney Drive compared with 90 minutes now through the city’s traffic.

Source: TheStar.com.my

The Seri Tanjung Pinang Phase 2A (STP2A) development and the reclamation of STP2B and STP2C will provide Eastern & Oriental Bhd (E&O) with future launches for the next 15 years and beyond.

E&0 said reclamation works on STP2A, a massive property development off Tanjung Tokong in Penang island, are almost completed.

STP2A is expected to have a gross development value of over RM17 billion and will be developed over 15 years.

E&O said a detailed master plan is being finalised to create Penang’s foremost investment, residential, commercial and tourist destination.

Managing director Kok Tuck Cheong said in a statement recently that the development of STP2A and reclamation of STP2B and STP2C are key to value enhancement of the group.

Kok said the reclamation of STP2B and STP2C will open the company to more joint venture (JV) opportunities like the JV master development of STP2A it has with Retirement Fund Inc (KWAP).

E&O’s 78.78 per cent-owned Tanjung Pinang Development Sdn Bhd (TPD) had in 2017 signed a sale and purchase agreement to sell 20 per cent of STP2A to KWAP as a strategic investor for RM766.02 million.

TPD was granted a concession by the Penang government to reclaim and develop about 307.56ha off the foreshore near Mukim 18 of Tanjong Tokong.

The reclamation work is divided into three phases, namely STP2A, STP2Band STP2C. STP2A and will comprise gross area of about 102.31ha.

Meanwhile, Kok said E&O’s property development segment has shown improvement for the period under review despite soft market conditions.

The company recorded cumulative sales of about RM251 million for the third quarter ended December 31 2018, which is 6.45 per cent higher year-on-year.

Kok said the E&O Luxury Living Campaign launched in July last year recorded successful sales figures for selected E&O landmark properties in Penang, Iskandar Malaysia and Kuala Lumpur City Centre.

On the hospitality front, E&O said its namesake, Eastern & Oriental Hotel (E&O Hotel) in Penang, will be undertaking extensive renovation and upgrading works.

The Heritage Wing will be closed from this month and re-open in December this year with new F&B concepts and fully-refurbished suites.

“These updates are designed to keep the E&O Hotel relevant to the evolving luxury travel market.

At the same time, careful consideration has been taken to ensure we retain E&O’s treasured style of timeless elegance that is unique to this cherished heritage landmark,” said Kok.

Source: NST Online