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Old April 29th, 2009, 01:01 PM   #1
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PENANG | Penang Sentral Development News

Quote:
Penang

MRCB ventures into Penang Sentral project
by Lim Yu Min

KUALA LUMPUR: Malaysian Resources Corporation Bhd (MRCB) and Pelaburan Hartanah Bumiputera Bhd are setting up a joint venture company - Penang Sentral Sdn Bhd - for the Penang Sentral project, pending Foreign Investment Committee’s approval.

According to a statement released by Bursa Malaysia on Dec 14, MRCB said the proposed Penang Sentral project will include the development of an Integrated Transportation Hub comprising bus, taxi, railway terminal and monorail. monorail ? wow!

It will also include the retail, residential, commercial components, services facilities, the company said.

Bursa Malaysia said Penang Sentral Sdn Bhd has also signed a turnkey development contract with MRCB Selborn Corporation Sdn Bhd, a 60% subsidiary of MRCB, for the development management service, design, construction, completion and maintenance of the Penang Sentral Project.

It said the project, when completed, will be the central transportation hub for Penang, integrating Penang’s ferry, train, intercity and intra-city bus and taxi services and a monorail station.

“It will also include an integrated development comprising of commercial, residential and retail components, service facilities and car park areas, all located within an approximately 30-acre site.”

On the rationale for the joint venture, MRCB said their participation in the urban development of Penang will enable it to use its experience and expertise in property development to increase the group’s business growth and revenue.

“It is part of MRCB’s principal activities in property development and investment, construction, engineering, concession and environmental rehabilitation operations,” it added.

Meanwhile, MRCB said the proposed joint venture and the Turnkey Development contract are not expected to have any material impact on the earnings and net tangible assets of MRCB for the current financial year ending Dec 31, 2007.


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Old April 29th, 2009, 01:02 PM   #2
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First Phase Of Penang Sentral To Be Ready By 2011
July 19, 2008 18:49 PM

BUTTERWORTH, July 19 (Bernama) -- Construction of the first phase of the Penang integrated transport terminal, dubbed Penang Sentral, will begin in the first quarter next year, and be completed by 2011.

This was disclosed by Second Finance Minister Tan Sri Nor Mohamed Yakcop.

Penang Sentral, announced by Prime Minister Datuk Seri Abdullah Ahmad Badawi on July 31, last year, is one of the federal government's projects to provide a comfortable integrated transport hub under the Northern Corridor Economic Region (NCER).

The overall project, to be built on the site where the old bus terminal was located, costs RM2 billion and is expected to be completed before 2015.

"The construction of the first phase costs about RM300 million and will comprise convenient transportation link for trains and buses," he told reporters after launching the Penang Sentral temporary transport terminal here today.

The temporary terminal built on a 0.97ha site, and costing about RM5 million, will be the new terminal for buses and taxis in the area until Penang Sentral is ready to commence operation.

Nor Mohamed said the temporary terminal developed by Malaysian Resources Corporation Berhad (MRCB) offers 33 ticket counters, 28 bus platforms, 46 taxi bays, suraus, toilets, escalators and police counters.

"Since it is located just beside the ferry terminal, the temporary terminal could facilitate 4,500 users daily, and about 80,000 users monthly," he said.

The minister also disclosed that the federal government had set aside RM100 million to increase the number of RapidPenang buses from 150 to 350 buses by the end of next year, in a bid to upgrade the efficiency of the state's public transport.

He said with the increase in buses, service links and routes could also be expanded to facilitate 120,000 passengers daily.

Nor Mohamed said the Penang Port Sdn Bhd had also agreed to consider a proposal to extend its service after midnight, especially on weekends and public holidays, to reduce traffic congestions on the Penang Bridge. -- BERNAMA
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Old April 29th, 2009, 01:03 PM   #3
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PENANG SENTRAL - an Integrated Transportation Hub
Project : Penang Sentral
Scale : 1 : 300
Client : Veritas Architects









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Old April 29th, 2009, 01:03 PM   #4
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Penang Sentral to take shape next year
Saturday July 19, 2008 MYT 8:01:18 PM
By YENG AI CHUN, TheStar

BUTTERWORTH: Construction of the RM2bil Penang Sentral project will start in the first quarter of next year, said Second Finance Minister Tan Sri Nor Mohamed Yakcop.

He said the transportation hub for Penang and the Northern Corridor, comprising an integrated terminal for rail, road and sea travel, would be constructed in two phases, with the first to be completed in 2011.

“The first phase is the transportation hub while the second phase is the commercial hub.

“The completion of the second phase depends on the viability (of the project) but I think it might be completed before 2015,” he said Saturday after launching of the Penang Sentral temporary bus terminal here.

Nor Mohamed said the first phase comprises terminal lanes for buses, taxis and several floors of retail space.

“We would unveil the conceptual plan during the groundbreaking ceremony. The plan has yet to be approved by the Seberang Prai Municipal Council,” he said.

Earlier, Nor Mohamed said the completion of the RM5mil temporary terminal was a sign that the Federal Government is committed in providing an efficient and quality public transport to the masses.

Nor Mohamed added that the Penang Sentral project has long been discussed even before it was included as a Northern Corridor project.

“In the issue of Penang Sentral, we see close cooperation between the State Government and Federal Government," he said.

Present at launch was state Public Works, Utilities and Transportation Committee chairman Lim Hock Seng, Seberang Prai Municipal president Farizan Darus, Penang Sentral Sdn Bhd chairman Kamalul Arifin Othman, Malaysian Resources Corporation Berhad chairman Datuk Azlan Zainol and Pelaburan Hartanah Bumiputera Bhd chairman Tan Sri Md Nor Md Yusof.

The construction of the bus terminal which began in August 2007, was completed in January this year. The terminal has 28 bus platforms and 46 taxi bays and is designed to handle up to 4,500 passengers per day.
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Old April 29th, 2009, 01:04 PM   #5
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PM: Penang second bridge and Sentral hub to proceed as planned
Monday March 30, 2009

KEPALA BATAS: The RM4.5bil second Penang bridge project and RM2bil Penang Sentral transportation and logistics hub will proceed as planned, Datuk Seri Abdullah Ahmad Badawi said.

He said the two Federal Government projects, which incurred slight delays, would proceed even after he was no longer the Prime Minister.

“I cannot give the (exact) time when these projects will be completed but they are not abandoned.

“They are ongoing even though a little slow,” he said after launching 28 Federal Government projects in his Kepala Batas parliamentary constituency at Dewan Milenium here yesterday.

Last April, Abdullah had said that the bridge project would be delayed by nine months due to land acquisition, design and rising costs.

On March 21, the company in charge of laying the bridge’s foundation – China Harbour Engineering Company Ltd (CHEC) – said that piling work on both ends of the bridge in Batu Kawan and Batu Maung had begun.

The bridge project is scheduled for completion by May 2012 while the first phase of the Penang Sentral project is expected to be ready by July 2011.

Earlier, Abdullah hoped that the country’s next leadership would not overlook modernising rural areas in the process of urbanisation.

“We must continue to modernise the rural areas to make them attractive with necessary commercial and industrial values.

“Under my initiative, I promoted the development of agro-based industries nationwide, and I am pleased to note the successes they have recorded,” he said.

Abdullah also paid tribute to department heads, civil servants, local leaders as well as the people of Kepala Batas for playing a role in transforming the rural town into a bustling hub.

Kepala Batas is now the main government administrative hub for North Seberang Prai District.

“I hope there will be continued development in Kepala Batas when I am no longer Prime Minister,” he said.
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Old June 11th, 2009, 07:53 PM   #6
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is that elevated rail monorail?
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Old October 6th, 2009, 02:27 PM   #7
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now johor bahru plans kommuter, penang got plan?
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Old November 12th, 2009, 01:50 PM   #8
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MRCB ready to start work on Penang Sentral
Published: 2009/11/05

BUTTERWORTH: Malaysian Resources Corporation Bhd (MRCB), developer of the RM2 billion Penang Sentral Integrated Transport Hub in Butterworth, is awaiting Federal Government allocation to start work on the transport terminal, Executive Director Datuk Ahmad Zaki Zahid said today.

He said MRCB proposed to start construction work next year after land acquisition negotiations are finalised soon.

Construction of the transportation and logistics hub needed funding from the Federal Government as it was a public utility project while MRCB and few other investors would jointly develop the commercial area at the hub, he told reporters after attending the company's corporate social responsibility programme.

Ahmad Zaki said the project was delayed as land acquisition negotiations took time to settle and at the same time financial allocation has not been received.

"We are working on the project now and hope to get it off the ground next year as land acquisition talks are on track," he said.

Ahmad Zaki said his visit to the bus terminal temporary site at Penang Sentral today showed the terminal is being managed well.

"I am satisfied with safety aspects, infrastructure facilities including the trading area for hawkers and petty traders.

"So far, no complaints have been received from the terminal users," he said.

The RM5 million temporary terminal was built adjacent to the proposed site for the Penang Sentral transport and commercial hub to shift express bus and stage bus operations to a proper place to facilitate site preparation and clearance work for the hub.

It was reported earlier that work to build the Penang Sentral transport hub would begin in the first quarter of this year and would be completed in 2011.

The commercial arena was slated for completion in 2015.

The integrated complex, to be jointly developed with Pelaburan Hartanah Bumiputra Bhd, will be the focal point for ferry, bus, taxi and train services.

Bernama
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Old November 12th, 2009, 01:51 PM   #9
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MRCB Awaits Federal Govt Allocation To Start Work On Penang Sentral Transport Hub
November 05, 2009 17:06 PM

BUTTERWORTH, Nov 5 (Bernama) -- Malaysian Resources Corporation Bhd (MRCB) developer of the RM2 billion Penang Sentral Integrated Transport Hub in Butterworth, is awaiting Federal Government allocation to start work on the transport terminal, Executive Director Datuk Ahmad Zaki Zahid said Thursday.

He said MRCB proposed to start construction work next year after land acquisition negotiations are finalised soon.

Construction of the transportation and logistics hub needed funding from the Federal Government as it was a public utility project while MRCB and few other investors would jointly develop the commercial area at the hub, he told reporters after attending the company's corporate social responsibility programme.

Ahmad Zaki said the project was delayed as land acquisition negotiations took time to settle and at the same time financial allocation has not been received.

"We are working on the project now and hope to get it off the ground next year as land acquisition talks are on track," he said.

Ahmad Zaki said his visit to the bus terminal temporary site at Penang Sentral today showed the terminal is being managed well.

"I am satisfied with safety aspects, infrastructure facilities including the trading area for hawkers and petty traders.

"So far, no complaints have been received from the terminal users," he said.

The RM5 million temporary terminal was built adjacent to the proposed site for the Penang Sentral transport and commercial hubd to shift express bus and stage bus operations to a proper place to facilitate site preparation and clearance work for the hub.

It was reported earlier that work to build the Penang Sentral transport hub would begin in the first quarter of this year and would be completed in 2011.

The commercial arena was slated for completion in 2015.

The integrated complex, to be jointly developed with Pelaburan Hartanah Bumiputra Bhd, will be the focal point for ferry, bus, taxi and train services.

Earlier, three hundred pupils from three MRCB "adopted schools" -- SK Dato Kramat, SK Kampung Jawa and SK Bagan Jermal -- received schooling aid in the form of schoolbags, school uniform and shoes for the new school term next year under the company's corporate social responsibility programme.

The schools, picked by MRCB under the PINTAR programme, will receive assistance worth RM60,000 in the form of school apparatus, extra classes, motivation programmes for students and parents and courses on techniques to answer UPSR questions.

-- BERNAMA
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Old November 17th, 2009, 06:04 AM   #10
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Getting ready to start RM2b Penang Sentral
2009/11/06

BUTTERWORTH: Malaysian Resources Corp Bhd (MRCB), the developer of the RM2 billion Penang Sentral, is optimistic that it will be able to start work by next year.

Its executive director, Datuk Zaki Zahid, said yesterday the company was in the process of completing the land acquisition for the project which would become a transportation hub modelled after Kuala Lumpur Sentral.

Zaki said MRCB and Pelaburan Hartanah Bumiputera Bhd were in talks with the Federal Government, state government and Penang Port Sdn Bhd.

He said the project would start with the construction of an integrated transportation terminal and MRCB was negotiating with the Transport Ministry and Economic Planning Unit for funds.

The terminal, under the first phase of the project, involves the construction of bus and taxi terminals as well as shops.

The RM300 million terminal is expected to be ready by 2011.

The project will comprise an integrated terminal for rail, road and sea travel, and is one of several major projects aimed at strengthening Penang's role as a logistics and transportation hub for the Northern Corridor Economic Region.

"Once the funding is finalised, we will begin the physical works," he said after handing over school supplies to 300 pupils from three schools adopted by the company under the Pintar programme.

Zaki said MRCB would increase its annual allocations to six schools adopted by the company for next year.

The company is spending RM60,000 on each school.
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Old November 17th, 2009, 06:30 AM   #11
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Construction of Penang Sentral to start next year
November 17, 2009
http://thestar.com.my/metro/story.as...4153&sec=North

CONSTRUCTION work on the RM2bil Penang Sentral project in Butterworth is expected to kick off next year.

Malaysian Resources Corp Bhd (MRCB) executive director Datuk Zaki Zahid said land acquisition, which was progressing smoothly, would take some time to be completed.

He said MRCB and Pelaburan Hartanah Bumiputera Berhad (PHBB) were discussing matters with the land stakeholders which included the state and Federal Governments and also Penang Port Sdn Bhd.

“The project will kick off with the construction of an integrated transport terminal,” he said.

“We are in discussion with the Transport Ministry and the Economic Planning Unit through the Northern Corridor Authority to obtain the funds,” he told reporters after presenting uniforms, bags and school items to 300 students from three schools in Penang.

He added that the three schools were adopted by MRCB under the Pintar programme.

He said the first phase of the Penang Sentral project costing RM300mil involving the building of bus and taxi terminals along with retail outlets was expected to be completed by 2011.

The subsequent phases of the projects will be developed by MRCB and other investors, with the whole project expected to be completed by 2015.
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Old November 17th, 2009, 07:53 AM   #12
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Penang Sentral



A new centre of connectivity is fast appearing....where a new transportation hub for integrating rail, ferry and bus services, will soon rise in the north...

Serving as the centre of transportation for Penang and the northern corridor, the hub also integrates retail, commercial and residential components within the planned 6 million square feet urban rejuvenation development.

This is Penang Sentral, your gateway to the Northern Corridor of Malaysia.

Penang Sentral will be developed and managed by Malaysian Resources Corporation Berhad (MRCB) and jointly owned with Permodalan Hartanah Bumiputra Berhad (PHBB).

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Old November 17th, 2009, 07:55 AM   #13
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Taken from http://www.veritas.com.my/

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Old November 26th, 2010, 01:57 PM   #14
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RM850m for infrastructure support
By Rupinder Singh Published: 2010/10/16
http://www.btimes.com.my/Current_New...BAJET/Article/



THE Government will allocate RM850 million for infrastructure support to accelerate corridor and regional development in the country.

Prime Minister Datuk Seri Najib Razak, in his Budget 2011 speech, said the focus will be on several clusters with specialisation and geographical advantages.

Iskandar Malaysia will get RM339 million for the construction of highways, development of housing areas as well as providing and improving public transportation services.

Najib said the amount of investment committed by the private sector in the southern Johor region was RM62 billion as at June 2010, surpassing the targeted RM47 billion. Total actual investment in the same period was RM25 billion.

The Northern Corridor Economic Region will get RM133 million, which includes the development of an agricultural products processing centre, tourism infrastructure and a biotechnology incubator centre.

For the East Coast Economic Region, RM178 million is set aside for projects including industrial parks, water treatment plants, development of tourist areas as well as redevelopment of former Pahang Tenggara Development Authority and Jengka Region Development Authority areas.

Sarawak Corridor of Renewable Energy will receive RM93 million for facilities including telecommunication, water supplies, airport and roads as well as halal food industrial parks.

For the Sabah Development Corridor, a sum of RM110 million is allocated, among others, for palm oil industry cluster projects, agro-industrial precinct and integrated farming centre.
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Old November 26th, 2010, 02:01 PM   #15
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Quote:
The First Phase >>



Masterplan

RM8bil spill-over effects from RM2.7bil Penang Sentral
By DAVID TAN Friday November 26, 2010
http://www.thestar.com.my/news/story...0&sec=business



A general view of the Penang Sentral project’s first phase

Quote:
First phase of the project due for completion by Dec 2013
GEORGE TOWN: The RM2.7bil Penang Sentral project in Butterworth is expected to generate economic spill-over effects of about RM8bil when the entire project is completed 10 years from now.

Malaysian Resources Corp Bhd (MRCB) executive director Datuk Ahmad Zaki Zahid said at a press conference that work on the first phase, comprising an integrated transportation hub with a retail component, would start next month.

The first phase, estimated to have a gross development value of at least RM400mil, is scheduled for completion by Dec 2013.

Work on the second phase is expected to start even before the completion of the first phase, he said. Work on the third and final phase is expected to start five years from now.

The second and third phases are commercial components, comprising a commercial hub, including office towers, serviced apartments, a hotel and waterfront amenities, scheduled for completion 10 years from now.

Zaki spoke after the Land Public Transport Commission chairman Tan Sri Syed Hamid Albar launched the Rapid Penang I Planner logo.

In May this year, MRCB Utama Sdn Bhd project manager (project/property) Zamri Mat Zain had said that the first phase would miss the July 2011 completion deadline due to delays in land acquisition.

Zaki said construction of the first phase was likely to generate some 2,500 jobs. By the time the entire project is completed, some 15,000 jobs would be created, generating an economic spillover effect of about RM8bil, he said.

Ahmad Zaki added that the gross development value of RM2.7bil was a conservative figure, which was likely to increase next year.

The Penang Sentral project, developed by MRCB in partnership with Pelaburan Hartanah Bumiputera Bhd, is part of the Northern Corridor Economic Region initiative.

The two companies formed a joint-venture firm, called Penang Sentral Sdn Bhd, which would undertake the development of the transport and commercial hub.

MRCB Selborn Corp Sdn Bhd, a subsidiary of MRCB, has been appointed to manage the development, design, construction, completion and maintenance of Penang Sentral.

The transport hub is expected to cater to approximately 65 million passengers a year.

Meanwhile, LPTC chief executive officer Mohd Nur Ismal Kamal said that the commission would next month start to finalise the public transport policy for the country.

It will take nine months to finalise the policy, as the LPTC needs to assess the data collected from all over the country on the needs for public transportation in different towns and cities, he said.

We will then know what kind of public transport programme is needed for which towns and cities in the country, he said.
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Old November 26th, 2010, 03:31 PM   #16
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Architect: Veritas Architects
Client: Pelaburan Hartanah Bumiputera Berhad (PHBP)

www.veritas.com.my

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Old November 10th, 2012, 08:02 AM   #17
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This photo was taken from http://zkeretapi.blogspot.com/, and belongs to the blogger, who has taken this. Can this be part of the Penang Sentral development, or being part of the Ipoh-Padang Besar electrified double tracking project?

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Old November 26th, 2012, 03:51 PM   #18
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Quote:
Originally Posted by davidwsk View Post
MRCB: Penang Sentral to take off in 2013

25-12-2012


MALAYSIAN Resources Corp Bhd (MRCB) says the Penang Sentral project in Butterworth, estimated to be worth over RM3 billion, will begin in 2013 after more than four years of delay.

Penang Sentral, an integrated mixed commercial development was expected to start in 2008 but works got delayed due to land acquisition matters. MRCB was awaiting federal government allocation to fund the public utility project.

It was then reported that Phase 1, comprising the integrated transportation hub with a retail component, worth an estimated RM400 million, would start in December 2010.

MRCB's property division head of marketing Zamry Ibrahim said construction will begin next year and there would be some changes to the plan, like the incorporation of more green elements in the buildings.

"There is a lot of demand for energy efficient buildings from multi-national companies and local players. We will develop what is required by the market," Zamry told Business Times in an interview recently.

The 9.6ha Penang Sentral will feature a transport terminal for ferries, buses, taxis, trains and a projected monorail station.

Zamry said the terminal will be integrated and surrounded with commercial, residential and retail components, similar to MRCB's Kuala Lumpur Sentral integrated commercial hub in Brickfields.

The 28.8ha KL Sentral development, which started over eight years ago, currently comprises a transport hub for rail, buses and taxis, two hotels, a mall, and several residential and commercial towers.

Penang Sentral, which is part of the Northern Corridor Economic Region initiative, will be developed by MRCB and Pelaburan Hartanah Bumiputera Bhd.

The project is poised to be the catalyst of growth to rejuvenate the economy in the northern region.

It has been reported that Penang Sentral is expected to generate economic spill-over effects of over RM8 billion when it is completed in about 10 years.

It is also expected that with the completion of the KTMB electrified double tracking project, train service between Penang Sentral and KL Sentral will be shorten to three hours.

More: http://www.btimes.com.my/articles/MR...#ixzz2DHy0259T
---------------
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Old December 19th, 2013, 10:18 AM   #19
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wat happen to this project?
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Old April 24th, 2015, 04:44 AM   #20
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MRCB gets approval for Penang Sentral project
Get Daily Property News in Malaysia, News Powered by PropertyGuru Malaysia

Malaysian Resources Corporation Bhd (MRCB) has been given the green light by the Penang authorities to proceed with the construction of the transport terminal in the Penang Sentral project, reported the media.

Nestled on 2.83ha site, the RM230 million terminal is part of the first phase of the integrated Penang Sentral project in Butterworth.

Set to be completed by end-2017, the terminal will connect Penang’s bus, rail, ferry and taxi services. It will also feature infrastructure for other possible public transport service.

“MRCB obtained the development order and building plan approval last month,” revealed a source.

Notably, a new temporary bus terminal is said to be ready by end of October to replace the present terminal, which will be demolished to make way for construction work.

Launched in 2007, Penang Sentral is designed to be a mixed-use commercial development and the northern region’s biggest integrated transport hub.

The RM2.3 billion project, which will also feature residential and commercial units, is being developed by MRCB subsidiary Penang Sentral Sdn Bhd.

The new terminal is expected to accommodate 180,000 commuters per day, albeit the first two years of its opening will only see around 80,000 commuters daily.

“MRCB will ensure that the transport terminal is completed before it proceeds with its commercial activities,” the source added.
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