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Old August 1st, 2007, 05:20 AM   #1
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PENANG SENTRAL | Penang (Butterworth) | U/C

MRCB will start work right away on RM2b hub

August 1 2007




WORK on the RM2 billion Penang Sentral project in mainland Penang will start immediately with the building of a temporary transport terminal in Butterworth.

The comprehensive transportation hub project is undertaken jointly by Malaysian Resources Corp Bhd (MRCB) and Pelaburan Hartanah Bumiputra Bhd.

The finished project will comprise an integrated terminal for rail, road and sea travel.

MRCB group managing director Shahril Ridza Ridzuan said yesterday that the building of the temporary transport terminal was to ensure that bus services are not disrupted when work on the transport and logistics hub begins in January next year.

"It will take us between 30 and 36 months to complete Penang Sentral, which will be similar to our KL Sentral project," he told reporters after the launch of the Penang package of the Northern Corridor Economic Region (NCER) by Prime Minister Datuk Seri Abdullah Ahmad Badawi in Butterworth.

The new transportation hub will be located on a 12.8ha site at the existing Butterworth train, bus and ferry terminal and will integrate KTM's rail services, road transport facilities and the ferry services operated by Penang Port.

It is one of several projects aimed at strengthening Penang's role as a logistics hub for the NCER.

Other projects include the upgrading of the Penang port and airport, construction of the Second Penang Bridge, a monorail system and the Penang Outer Ring Road.

Shahril said the hub will also have commercial, retail and residential developments although the nature of the residential properties to be developed will hinge on market demand.

"We have also set aside space at the new terminal site for an expansion upgrade, if the Government decides on a monorail project for mainland Penang," he added.
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Old August 1st, 2007, 05:27 AM   #2
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A bigger Penang role for MRCB

It will have total GDV of RM12bil in KL Sentral and Penang Sentral


By DAVID TAN

BUTTERWORTH: Malaysian Resources Corp Bhd (MRCB) is set for an expanded role in construction and property development in Penang following an award for it to develop a RM2bil transport hub in Butterworth.

MRCB and Pelaburan Hartanah Bumiputra Bhd would jointly develop the transport hub, Prime Minister Datuk Seri Abdullah Ahmad Badawi announced yesterday.

It was just in June that MRCB was awarded a contract by Pelaburan Hartanah to build houses and apartments with a combined gross development value (GDV) of RM500mil on three sites on Penang island.

Analysts anticipate that MRCB could secure additional projects in the state such as a role in the construction of the proposed monorail and Penang Outer Ring Road.

The analysts estimated that MRCB's Kuala Lumpur Sentral has a GDV of close to RM10bil, and with the RM2bil transport hub in Butterworth, now called Penang Sentral, that would expand the combined GDV to RM12bil.

MRCB managing director Shahril Ridza Ridzuan told reporters yesterday that Penang Sentral was located on a 32-acre site at the existing Butterworth train, bus, and ferry terminals. The project is scheduled to start in January 2008.

He spoke after the launch of the Northern Corridor Economic Region (NCER) project in which Penang Sentral is one of the projects highlighted in the NCER blueprint.

“The main transportation terminal, to be modelled after the Kuala Lumpur Sentral, would be completed in 30 to 36 months.

“We will work with Penang Port Sdn Bhd (PPSB) to ensure that the transport terminal would integrate well with the ferry and train services.

“There will also be space allocated for the terminal to accommodate monorail services and facilities.

“It will be the main integrated transport terminal for Penang, combining rail, road, and sea services,” Shahril said.

He said on top of the transport terminal, commercial and residential properties would also developed on the 32-acre site.

“These properties would be launched in phases according to market demand.

“The entire project would be completed in 10 years,” he added.

Shahril said the RM2bil GDV of Penang Sentral is about one-fifth of KL Sentral's GDV.

MRCB and Pelaburan Hartanah would construct a temporary bus terminal at the site. “This temporary bus terminal would be completed in January,” he said.

Under the NCER blueprint, the Government plans to increase the cargo processed at PPSB to one million TEUs (20ft containers) in 2012 from 770,000 TEUs two years ago.

The Government would also re-evaluate incentives to make Penang the port of choice, in line with plans to make NCER the processing centre for agricultural produce coming from Thailand and Sumatra.

Conceptually, Penang Sentral would be similar to KL Sentral, which combines its central function as a transport hub with property projects around it.

Analysts expect that while commercial properties dominate the skyline at KL Sentral, residential properties would feature more visibly at Penang Sentral as demand is higher in that state for housing than for office buildings.

They were not surprised that MRCB won the Penang Sentral project as this was anticipated. Even so, the Government's announcement of the award yesterday substantiated the company's ability to secure projects in Penang.

The structure of the award for Butterworth transport hub is similar with that in KL Sentral. In the latter, the project was jointly undertaken by MRCB, with a stake of 74%, while Malayan Railway or KTMB held the balance of 26%.

The Butterworth transport hub would be jointly developed by Pelaburan Hartanah, which is understood to be a unit of the Finance Ministry.

The companies' respective stakes in this project are not as yet known.
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Old August 1st, 2007, 06:03 AM   #3
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檳中環廣場讓北海人驚喜
檳各大型計劃設計圖曝光


(北海訊)北馬經濟走廊特區正式在檳城推介後,能夠反映檳城未來發展方向的各項大小型計劃、設計圖、模型等也隨之曝光。尤其是剛剛曝光的檳城中環廣場(Penang Sentral)設計構想圖,更讓人眼前一亮!

4州中建最多硬體基設

檳城在北馬經濟走廊特區的角色,是各州當中興建最多的硬體基本設施。因素是檳城的發展項目是以服務業為主,而佔有相當重要地位的物流運輸,自然需要完善的交通基設,致使檳城的改變也最顯著。

檳城第二大橋目前已經成形,也離動工日期不遠。檳城城中城與檳城中環廣場都只處於設計和構想階段。至於其他的交通基設只是擴充升級,以便應付大量的運載需求。

無論是檳城中環廣場、檳城第二大橋、國際遊艇中心、檳城城中城,還有擴建機場、港口,每個計劃都叫人驚嘆;尤其充滿現代感的檳城中環廣場的規模之大,更令北海市民驚喜連連。

檳城在北馬經濟走廊特區成為服務領域的“領頭羊”。在其他3州收成的農作品,從工廠運出來的電子和電器產品,都會自檳威的機場、港口、貨櫃碼頭等出口到國外。

完善的交通基設和中樞,都是為了確保每項成品都能夠在最快的時間內送抵目的地。

首相拿督斯里阿都拉週二(31日)為北馬經濟走廊特區主持的推介禮,至少宣佈了超過10項檳州未來的發展計劃及藍圖,發展領域概括海陸空。


■ 檳州單軌火車軌道全長37公里,一旦建竣,將成為檳州的交通脈搏。


■ 檳城單軌火車模型吸引最多民眾圍觀。


■ 規模龐大的瑪央廣場不久後將來出現在檳州。


■ 檳城國際機場將進行擴建,以應付未來更多運客流量。

交通運輸:
檳州將發展成為北馬經濟特區及馬泰印三角區的物流運輸中心。
1)檳城中環廣場
2)檳城峇六拜機場擴建計劃
3)檳州港口擴建計劃
4)檳州單軌火車
5)檳州快艇服務
6)檳州快捷通巴士(已在7月31日正式開跑)

新城市發展計劃:
1)檳城城中城

旅遊領域:
1)木蔻山將被發展檳州為區域醫療旅遊中心
2)檳州旅遊景點將被注入更多新活力,以招來更多國內外遊客

工業領域:
1)檳城理科大學將設立微微電子卓越中心 (星洲日報•2007.08.01)
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Old August 1st, 2007, 06:20 AM   #4
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被遴選為物流運輸中心
檳將成特區主要通道


(北海訊)首相拿督斯里阿都拉今日(週二,31日)指出,檳州已被遴選為北馬經濟走廊特區的物流運輸中心(Hab Logistik),並宣佈將通過發展多項建基計劃逐步落實此項宏願,使檳州最終成為北馬經濟走廊特區的主要通道。

他說,只要成為更先進及現代化的物流運輸中心,檳州不只將鞏固其物流運輸的地位,也將成為馬印泰北三角最佳的運輸中心。

全面提昇檳港設施

阿都拉週二在北海巫青團獨立廣場為北馬經濟走廊特區主持推介禮致詞時指出,檳州港口將在政府發展北馬經濟走廊特區之際,被提昇及發展成為此特區及馬印泰北三角區首要的運輸中心。

他說:“因此,檳州港口的各項設施將獲得大力提昇及改善,以增加貨櫃處理流量及容納更大艘的貨輪。”

他說,檳城峇六拜國際機場也將隨著北馬經濟走廊特區的啟動而進行擴建,以便成為北馬及馬印泰三區的最佳空運中心,包括成為腐壞但價值高物品的主要運輸通道;與此同時,峇六拜機場也將興建新的客運及貨運中心,並增建飛機跑道,以應付未來日趨增加的客運流量。

落實數項交通系統

至於在提昇檳州民眾的便利方面,阿都拉指出,政府將配合北馬經濟走廊特區的推動,落實檳州的數項公共交通系統計劃,以便在提昇檳州公共交通系統之餘,也為民眾提供更優質及快速的公共交通設施便利。

他指出,這些將逐步落實的計劃包括:(一)檳城快捷通巴士的推介,這項計劃在聯邦政府及檳州政府全面合作及推動下,短時間內已取得不錯的效應。檳城快捷通巴士週二也在首相主持開動禮後,正式在檳威兩岸開跑。

“至於二,為了提供檳威兩岸人民更快速及方便的川行海峽服務,檳州快艇服務預計也將在2008年正式開動,以供檳州人民使用渡輪之外的第二個選擇,這項快艇服務不只能載客,也能運載電單車。”

單軌火車成交通脈搏

阿都拉說,檳州的公共交通系統也將隨著政府計劃在檳州興建單軌火車而更齊全及全面化;他指出,檳州單軌火車全長37公里,一旦建竣,將成為檳州的交通脈搏。

他也有信心,一旦檳州單軌火車計劃落實,檳威兩地的阻塞問題將獲改善,而檳州人民也將獲得通過採用這項設施,更快速及輕易的前往北馬經濟走廊特區。(星洲日報•2007.07.31)
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- Regardless of race, language or religion, to build a democratic society, based on justice and equality, so as to achieve happiness, prosperity & progress for our nation.

Last edited by Lastresorter; August 1st, 2007 at 07:03 AM.
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Old August 1st, 2007, 06:24 AM   #5
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Towards A Home Where Dreams Soar. Towards A Nation of Justice and Equality.


- Regardless of race, language or religion, to build a democratic society, based on justice and equality, so as to achieve happiness, prosperity & progress for our nation.

Last edited by Lastresorter; August 1st, 2007 at 06:32 AM.
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Old August 1st, 2007, 07:26 AM   #6
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Seem to be very exciting projects, but hope can really excuted well with good govern from government.
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Old August 1st, 2007, 08:23 AM   #7
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i think there's insufficient space in current airport to build another runway...
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Old August 1st, 2007, 09:00 AM   #8
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nice, how many highrise involve in this task?
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Old August 1st, 2007, 09:31 AM   #9
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I like this project... but not the name... seriously lah, hope they can be more creative when naming it! Do they know the word "original"?
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Old August 1st, 2007, 11:25 AM   #10
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i think penang sentral is okay. It's build by the same company, not just another cheap crap by Melaka Government, also want to put sentral on it. I think this project truly deserve Sentral name, to put shame on face of other governments who use Sentral name on every bus station.
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Old August 1st, 2007, 11:29 AM   #11
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haha MRCB should register the 'SENTRAL' lah....if they don't want that name to be copied like..'~WALK' or 'TIMES SQUARE'.....

Last edited by OshHisham; August 2nd, 2007 at 02:00 AM.
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Old August 1st, 2007, 02:38 PM   #12
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Quote:
Originally Posted by ssangyongs View Post
i think there's insufficient space in current airport to build another runway...

For now, the runway is under utilised, but if they really want another runway, it can only be built on reclaimed land. With the expansion of the terminal, the new runway won't be very far. Both runways would b parallel to each other ala KLIA.
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Old August 1st, 2007, 02:46 PM   #13
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Nice project ! It looks great !
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Old August 1st, 2007, 05:53 PM   #14
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NICE.... any1 know, what are they going to do with the "old" locomotives outside the train station??
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Old August 1st, 2007, 07:33 PM   #15
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strip it, togel and ended up being sold as besi buruk.
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Old August 2nd, 2007, 05:26 AM   #16
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cooltemper, any pics of the new rapid penang buses?
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Old August 2nd, 2007, 10:15 AM   #17
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MRCB best play for Penang’s mega projects

Email us your feedback at [email protected]

MALAYSIAN Resources Corporation Bhd (MRCB) will emerge as the best play for exposure to mega infrastructure projects planned for the Penang state and future property-related construction projects, says CIMB Research.

It added MRCB was one of its top mid-cap picks in the construction sector for the improvement in its earnings quality, strong order book replenishment potential via the Ninth Malaysia Plan (9MP) and Northern Corridor Economic Region (NCER) and exposure to the anticipated property sector boom.

CIMB Research kept its earnings forecasts and realised net asset value-based target price of RM3.72.

It also expected favourable newsflow in the months ahead relating to 9MP jobs, including the Penang monorail, award of the Bakun transmission contract and faster development at KL Sentral.

On Tuesday, the government announced MRCB and Pelaburan Hartanah Bumiputera Bhd (PHBB) would jointly develop a RM2 billion central transportation hub (CTH) to enhance Penang’s role as the logistics hub for the NCER.

The research house said the RM2 billion development value was not unexpected as the company has indicated that the project could be worth at least RM1 billion, depending on the scope of works agreed with the government.

It added MRCB would play an important role in making Penang a central logistics hub under the NCER.

“Penang Sentral appears to be the biggest project under the NCER and MRCB is clearly the main winner,” it said.

CIMB Research said now that Penang Sentral has been awarded, there were two key projects with a total value of as much as RM2.7 billion in the pipeline for Penang. They are the RM1.6 billion Penang monorail which MRCB is bidding for, and the RM1.1-billion Penang Outer Ring Road (PORR).

The project would likely be developed in five phases over 10 years, starting with an upgrade of the existing bus station. Potential value could range between RM100 million and RM150 million.

CIMB Research said assuming a 10% pre-tax margin over 10 years, it was looking at an annual pre-tax profit contribution of RM20 million, which could add 15% to its FY09 net profit forecast.

It expected strong bottomline contributions from 2010 onwards. Overall, this could increase MRCB’s current order book of RM2.4 billion to at least RM4 billion.
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Old August 2nd, 2007, 12:03 PM   #18
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Quote:
Originally Posted by ssangyongs View Post
cooltemper, any pics of the new rapid penang buses?
I am sorry pilot, i don't have.
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Old August 2nd, 2007, 03:18 PM   #19
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Wahhh the curvy building look so futuristic
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Old August 3rd, 2007, 11:10 AM   #20
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butterworth's skyline will change dramatically with that project along with Harbour Place!!
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