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Old April 16th, 2019, 03:29 AM   #1
davidwsk
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PENANG PAN ISLANDS | Penang | Prep

Quote:
Islands to drive state economy

Tuesday, 16 Apr 2019


GEORGE TOWN: Over RM70bil is expected to be raised from the three man-made islands under the Penang South Reclamation Scheme (PSR), enough to spearhead the state’s economic development for the next 30 years.

Sources told The Star that out of the more than RM70bil, about RM46bil would be used for the construction of the RM9bil light rail transit (LRT) line, the RM9.6bil Pan Island Link 1 (PIL 1), and other supporting infrastructure projects under the Penang Transport Master Plan (PTMP).

According to a prominent Penang developer, the present price of industrial land on the current Penang island would be around RM70-RM200psf, depen*ding on its status as leasehold or freehold land.
Read more at https://www.thestar.com.my/news/nati...L1K8HiWPDbD.99
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Old April 17th, 2019, 06:15 PM   #2
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I thought the current name is Penang South Reclamations XD...

Pan Island Link/Expressway (PIL/PIE) is another story though.
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Old April 17th, 2019, 06:23 PM   #3
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Step closer for more catalyst to PTMP!
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Old April 18th, 2019, 05:58 AM   #4
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Not 'catalyst' but more of crucial 'funding' source for PTMP loor hehehe !!!

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Old July 18th, 2019, 04:05 AM   #5
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Quote:
Green light given

Thursday, 18 Jul 2019

by lo tern chern
Read more at https://www.thestar.com.my/news/nati...AQRt4bxQJBq.99
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Old August 9th, 2019, 03:33 AM   #6
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Quote:
Master plan contest for Penang's three-island project

BERNAMA
August 08, 2019





GEORGE TOWN (Aug 8): SRS Consortium, the project delivery partner for the Penang Transport Master Plan (PTMP), is organising a master plan competition for the development of three man-made islands under the Penang South Reclamation (PSR) project.

SRS Consortium project director Szeto Wai Loong today said the company would finalise the matter with the Penang state government and federal Department of Town and Country Planning (PLAN Malaysia) before announcing the details to the public by the end of this month.
https://www.edgeprop.my/content/1571...island-project
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Old August 9th, 2019, 05:14 AM   #7
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Would have thought that the masterplan had been finalised when they (SRS Consortium) drew up that 'artist impression' of the PSR during the relevant submissions (to DoE, APAD, MoF, etc...) loor hehehe !!!

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