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Old July 31st, 2007, 06:13 AM   #41
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Malaysia unveils $51.2 billion plan to boost northern development
Updated : 30-07-2007
Media : Kyodo News


(Kyodo) _ Malaysian Prime Minister Abdullah Ahmad Badawi unveiled Monday an ambitious 177 billion ringgit ($51.2 billion) economic blueprint to boost development in the country's four northern states.

As speculation swirls over an early election, possibly during the first quarter of next year, Abdullah began a two-day whirlwind tour earlier the day to the Perlis, Kedah, Penang and Perak states to promote what is known as the Northern Corridor Economic Region.

In his first stop in Kedah to officially announce the plan, an event carried live on national television, he spoke of inventing a "new identity that will bring new life" to the region where 46 percent of Malaysia's poorer citizens live.

"It is estimated that the Northern Corridor initiative will need an investment of around 177 billion ringgit between now and 2025. One-third of that will come from the government while two-thirds will be pumped in by private investors," Abdullah said.

"Incentive packages are being finalized and will be announced soon," he added.

The plan, formulated by state-linked conglomerate Sime Darby Bhd., focuses on expanding the agricultural, manufacturing, logistics and tourism sectors.

Except for the island of Penang, which is more affluent and has a thriving electronics industry, the other states are better known for paddy fields where the average income of a farmer is around 500 ringgit a month.

The northern region, which borders conflict-riddled southern Thailand, is also home to Malay Muslims who form the core support for Abdullah's ruling party, the United Malays National Organization.

Although a general election is not due until April 2009, already political pundits are betting on a snap poll.

A columnist in the Star daily viewed the launch of the Northern Corridor Economic Region as yet another indicator of an early election.

"From modern agricultural practices involving harvesting paddy three times a year to the construction of Penang's second bridge, the projects are expected to fire up voters in these four states," Wong Chun Wai of the Star said in a recent article.

Whether it was to make a political mark or not, it is undeniable the region is in dire need of attention.

In 2004, Kedah and Perlis recorded the highest poverty levels of 7 percent and 6.3 percent, respectively, while the national average was 5.7 percent.

And the average monthly household income in the northern region, with a population of 4.29 million, was 2,477 ringgit against the national average of 3,249 ringgit.

The plan aims to increase the region's real gross domestic product from 52.7 billion ringgit in 2005 to 214.1 billion ringgit in 2025.

Some 500,000 jobs would be created by 2012 and 1 million jobs by 2018.

Langkawi Island, a resort off Kedah, and Penang have been earmarked for tourism and medical tourism.

And efforts would be strengthened to draw investments to Penang, Kedah and Perak, which already have electronics and electrical facilities and manufacturing centers.

Perlis, Malaysia's smallest state, has been identified for the seed culture industry.

Earlier, the government announced some mega-projects for the region, including the construction of Southeast Asia's longest bridge linking Penang Island to the mainland.

In Kedah, there is a plan for $16 billion in oil refineries and pipeline projects.

The Northern Corridor Economic Region is the second development blueprint Abdullah had launched, after the Iskandar Development Region in southern Johor State, which Abdullah hopes will tap into its ties with neighboring Singapore to boost growth.

Still in the works is another plan for the three eastern states Kelantan, Terengganu and Pahang known as the Eastern Corridor.
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Old July 31st, 2007, 06:15 AM   #42
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NCER To Transform Northern Region Into Modern Food Zone
Updated : 30-07-2007


KUALA LUMPUR, July 30 (Bernama) -- The Northern Corridor Economic Region (NCER) is set to transform the region into a modern food zone for Malaysia, thus improving the contribution of the agriculture sector to economic growth.

The NCER blueprint has classified 40 percent or 932,581 ha in the northern region (4.9 percent in Penang, 6.6 percent in Perlis, 27.8 percent in Perak and 60.7 percent in Kedah), for agriculture use. These include 100,000 ha of idle land.

Of this, 595,615 ha will be for the cultivation of padi, sugar cane, oil palm and rubber. The 167,598 ha for padi will account for 64 percent of the total padi cultivation areas in Peninsular Malaysia.

The NCER blueprint's three main strategies for agriculture include increasing its contribution to the Northern Corridor's GDP from 12 percent currently to 15 percent in 2012.

Another is to increase exports of agricultural products, with both upstream and downstream activities being promoted to enable the NCER to export around RM48 billion worth of agricultural produce by 2012.

The third is to raise the rural income level through programmes that diversify sources of income from existing land, and improve land productivity and agriculture value-added.

There are three strategic thrusts -- promoting commercial farming in partnership with local communities, crop specialisation and introduction of world-class agricultural technology.

According to the blueprint, a phased approach will be adopted to achieve the objective of increased agricultural growth and improved rural incomes, starting with courting anchor investors (2007-2012), accelerating regional growth (2013-2020) and establishing global leadership (2021-2025).

Seven immediate implementation programmes have been identified -- common management of land to achieve economies of scale, re-designation of unused industrial land for agriculture, strengthening infrastructure, provision of funding and incentives, establishment of a Seeds R&D Centre, global branding, and strengthening human capital.

These programmes will be complemented by specific sub-sector initiatives focusing, among others, on padi, aquaculture and livestock farming.

The productivity of the padi sector will be improved from the current 3-5 tonnes per ha to around eight tonnes by 2012 and 9-10 tonnes by 2020.

This will be possible after undertaking specific initiatives such as producing high-yielding seed germplasm for padi at the Seeds R&D Centre, expanding the number of certified farmers and gazetting core granaries to protect padi fields from being used for non-profit purposes.

Among initiatives to promote fisheries and aquaculture are a national hatchery centre in Kedah specialising in breeding premium fish fry for either food or ornamental purposes, encouraging the setting up of a deep-sea fishing industry together with a fish processing plant in Kuala Perlis, and zoning selected coastal areas for rearing of fish and shellfish in cages.

Using the National Feedlot Centre in Gemas as the "nucleus" and breeding source for young calves is among the specific initiatives to promote livestock farming apart from creating halal processing centres in Sungai Petani, Tasik Gelugor and Padang Besar, specialising in processed meat products for export as well as converting under-utilised industrial estates into premium livestock parks.

For herbs, horticulture and premium speciality food products, niche areas for the farming of premium crops with controlled and sterilised environments will be developed.

About 390,000 ha of NCER land are under oil palm plantation companies, while around 20,000 ha are rubber smallholdings.

Among the specific initiatives to improve the commercial crops are encouraging the Federal Land Development Authority and plantation companies to disseminate modern agronomic practices and introducing mixed farming methods within oil palm and rubber estates to increase income levels.
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Old July 31st, 2007, 06:16 AM   #43
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Northern growth: Abdullah launching the Northern Corridor Economic Region
at the Mada headquarters in Alor Star yesterday. Applauding (from left) are
Perlis Mentri Besar Datuk Seri Shahidan Kassim, Kedah Mentri Besar Datuk Seri Mahdzir Khalid,
Penang Chief Minister Tan Sri Dr Koh Tsu Koon and Perak
Mentri Besar Datuk Seri Tajol Rosli Ghazali. —
MUSTAFA AHMAD / The Star

Last edited by nazrey; July 31st, 2007 at 06:38 AM.
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Old July 31st, 2007, 06:17 AM   #44
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NCER To Have Five Growth Corridors
Updated : 30-07-2007


KUALA LUMPUR, July 30 (Bernama) -- Five growth corridors will be created within the Northern Corridor Economic Region (NCER), which was launched by Prime Minister Datuk Seri Abdullah Ahmad Badawi in Alor Setar, Kedah here Monday.

They are the island corridor, coastal corridor, central corridor, hinterland corridor and Butterworth-Kulim-Baling-Pengkalan Hulu Grik corridor, according to the NCER blueprint which will cover Perlis, Kedah, Penang and northern Perak.

ISLAND CORRIDOR

* Comprising Langkawi and Pulau Pinang, this corridor will focus on premier tourism activities and distributive services by virtue of their international airports and sea ports.

* Media services will be promoted, leveraging on their air connectivity to the Indonesia-Malaysia-Thailand Growth Triangle and other parts of the world.

* Pulau Pinang retains its education services base and its electric and electronics (E&E) manufacturing activities. The island, together with Seberang Prai remains the primary logistics driver of the NCER.

* Port and road improvements, airport expansion and the construction of the Pulau Pinang Second Link will help facilitate improved services to and from the mainland.

COASTAL CORRIDOR

* The northernmost tip of the Coastal Corridor is the Padang Besar gateway to southern Thailand. In Kangar, education services are the major activity with links to Arau and Sintok.

* The towns of Kuala Kedah and Kuala Muda will focus on fisheries, in particular deep-sea fishing and marine food processing activities.

* Coastal tourism and marine aquaculture activities will feature along the smaller fishing villages and towns.

* Yan is designated as the petrochemical complex for the NCER. Initial plans are to build a petroleum refinery and storage facilities in the area.

* Going south, Butterworth features as the major shipping logistics gateway to the NCER. The Coastal Corridor extends through Nibong Tebal, Simpang Empat and Bagan Serai which are predominantly agriculture-based centres.

CENTRAL CORRIDOR

* The main feature of the corridor is section of the North-South Expressway (NSE) that from Ipoh in the south to Bukit Kayu Hitam in the north which is a town that shares a border with southern Thailand.

* The predominant activity will be the manufacturing corridor from Butterworth/Kulim to Gurun.

* The E&E sub-sector and automotive assembly remain the major manufacturing activities in this zone.

* Kamunting is another manufacturing cluster mainly for SME businesses involved in supplying to the large E&E companies or downstream agribusinesses.

* The corridor is expected to be strengthened with the proposed double-tracking rail project and commuter train services, as well as the expansion and de-bottlenecking of road networks to the ports and airports.

* Agriculture will be the major activity to be promoted around the NSE particularly towards the hinterland.

Under-utilised industrial estates will be converted into specialised agriculture parks for premium products such as the production of ornamental fish, floriculture, certified seed production and food processing clusters.

HINTERLAND CORRIDOR

* This starts from Kota Putra and ends in Kuala Kangsar. The predominant activity is agriculture, ranging from commercial crops (rubber and oil palm) to fruit orchards and animal husbandry.

* This corridor will host the envisaged food production zones in view of its predominant agriculture landscape.

* A large part of this area is natural forest, which is critical for the NCER freshwater catchment requirements. This area will be preserved and promoted as an eco-tourism attraction.

* The hinterland corridor hosts a second gateway to southern Thailand, namely Pengkalan Hulu.

* Tourism activities will also be promoted here, along the highlands and at Pedu Lake. This will be strengthened with the straightening, expansion and building of the Trans-Kedah Hinterland highway.

* The expansion of the Grik-Jeli Link is another strategically important milestone for trade expansion with Kelantan and the Eastern Corridor.

It is envisaged that the road link will be initially upgraded, followed by the construction of a new rail link once goods and services traffic increases.

BUTTERWORTH-KULIM-BALING-PENGKALAN HULU GRIK CORRIDOR

* This corridor connects the Butterworth logistics hub to the main industrial cluster in Kulim.

* Major east-west roads along this corridor will be upgraded to improve east-west connectivity.

*In the longer term, this corridor is expected to play a major role in opening up Kelantan and the Eastern Corridor via the strengthening of the Grik-Jeli road and/or construction of a railway link.
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Old July 31st, 2007, 06:18 AM   #45
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Abdullah Launches NCER Website
Updated : 30-07-2007


ALOR STAR, July 30 (Bernama) -- Prime Minister Datuk Seri Abdullah Ahmad Badawi Monday launched the Northern Corridor Economic Region (NCER) website, www.ncer.com.my.

The website contains information on the NCER socio-economic blueprint that encompasses four northern states of Peninsular Malaysia.

Abdullah, in his opening address said the website also provided information on the NCER's agriculture, tourism, logistics, environmental, manufacturing and human capital development framework.

The NCER is a government initiative to spur development and increase income levels of the people in Perlis, Kedah, Penang and northern Perak.

Abdullah also touched on the NCER concept which he said, would not replace the role of the state governments involved but instead provided a plan of action that would help speed up the overall developmenbt of these states and narrow their rural-urban gaps.

Earlier, when launching the NCER, Abdullah presented a copy of the blueprint each to Kedah Menteri Besar Datuk Seri Mahdzir Khalid, Perlis Menteri Besar Datuk Seri Shahidan Kassim, Perak Menteri Datuk Seri Tajol Rosli Ghazali and Penang Chief Minister Tan Sri Dr Koh Tsu Koon.

The launching was done together with the four state leaders who placed their respective state emblem on a white board followed by Abdullah placing the Malaysian emblem.

Abdullah then spent about 30 minutes visiting the stalls and exhibition on Kedah's development before leaving for Perlis to launch the NCER there.

He will launch the NCER programme in Penang and Perak tomorrow.
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Old July 31st, 2007, 06:27 AM   #46
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PM Unveils NCER Blueprint For Penang, Perak
July 31, 2007 09:21 AM

KUALA LUMPUR, July 31 (Bernama) -- After Kedah and Perlis, the focus of Prime Minister Datuk Seri Abdullah Ahmad Badawi's visit Tuesday will be unveiling plans to boost growth for Penang and northern Perak.

He will kick off his two-day visit with the launching of the Northern Corridor Economic Region (NCER) blueprint for Penang, which has been designated as a regional logistics hub.

The event to be held in Butterworth will be aired live over RTM.

Abdullah will also launch the new RapidPenang bus service.

Under the NCER, the Penang International Airport in Bayan Lepas and the Butterworth Container Port will be expanded.

Next and final stop will be in Perak where the premier will announce plans to turn Perak into a human capital development centre. Here, he will launch a centre of skills excellence and the Education Ministry's Pintar programme.

At the launch of the NCER blueprint in Alor Star Monday, Abdullah announced, among others, that the development plan was expected to attract RM177 billion worth of public and private sector investments from 2007 to 2025.

Abdullah, who is also Finance Minister, said in the initial phase, the government would provide RM5 billion on top of existing allocations for identified NCER programmes.

Sime Darby Bhd has been tasked with drawing up the masterplan which covers four Malaysia Plans from 2007 to 2025.

The masterplan is aimed at transforming and expanding the agricultural, manufacturing, logistics and tourism sectors in the north, encompassing Perlis, Kedah, Penang and northern Perak.

-- BERNAMA
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Old July 31st, 2007, 06:38 AM   #47
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Perlis To Shine Like Diamond, Says Shahidan
July 30, 2007 23:26 PM

KANGAR, June 30 (Bernama) -- Perlis Menteri Besar Datuk Seri Shahidan Kassim today took up the challenge by Datuk Seri Abdullah Ahmad Badawi to make the state "shine like a diamond" as the seedling hub of the country.

"We will begin the transformation tomorrow and the results can be expected in a month," he told Bernama when asked to comment on the prime minister's challenge to him to make Perlis a leader in the production of quality seedlings.

Earlier, when launching the state-level Northern Corridor Economic Region here, Abdullah quipped: "The state that you lead may be small but make it shine like a diamond".

Perlis is to be made a research and development (R&D) centre focusing on efforts to produce quality seedlings under the NCER.

To this end, Shahidan said, an entity to be called either the Perlis Seedling Corporation or Perlis-Sime Darby Seedling Corporation would be set up.

He said the state government would discuss with Sime Darby on the marketing and research aspects of the project.

"Perlis is capable of becoming a leading producer of seedlings and we would begin with the production of grape seedlings as we have successfully planted grapes on an 80ha site in Sungai Batu Pahat near here since 2005," he said.

He said the grape plantation could now produce its own seedlings for sale.

-- BERNAMA
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Old July 31st, 2007, 07:04 AM   #48
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Medical tourism push for Penang and Langkawi
Tuesday July 31, 2007
TheStar


ALOR STAR: Penang and Langkawi will be promoted as premier destinations for medical tourism in the Northern Corridor Economic Region (NCER).

Penang, already in the forefront of Malaysia’s medical tourism industry, will be further promoted as a regional medical tourism hub in Asia.

Sime Darby Bhd, which carried out a feasibility study on socio-economic development in the region, proposed that the medical tourism activities be extended to Langkawi in view of space constraints in Penang.

Langkawi could complement the medical tourism industry in Penang by offering complementary medicine, traditional therapies and spa treatments.

Sime Darby Energy & Northern Corridor divisional director Datuk Mohd Shukri Baharom said the strategy was to position Penang as the preferred destination for foreigners seeking affordable cosmetic and elective surgery, and expand the services to Langkawi in view of scarcity of land in Penang to build new facilities.

Medical tourists could undergo surgical treatment in state-of-the-art facilities, and enjoy peaceful recuperation in complete anonymity in world-class resorts and health spas, he said.

“There is a growing trend in the popularity of traditional medicine for convalescent and recuperative purposes among Westerners, especially French and Germans,” he said, adding that the global market for traditional therapies was estimated at US$60bil (RM228bil).
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Old July 31st, 2007, 08:57 AM   #49
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OMG!! ade tengok rendering butterworh sentral x ? seriously.. it so ******* awesome
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Old July 31st, 2007, 08:59 AM   #50
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Faster post it here!!! (I overseas cant see local newspaper lol)
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Old July 31st, 2007, 09:45 AM   #51
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it just an artist impression, don't get too excited hehehe
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Old July 31st, 2007, 11:40 AM   #52
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OMG!! ade tengok rendering butterworh sentral x ? seriously.. it so ******* awesome
Really? show us lar.
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Old July 31st, 2007, 12:19 PM   #53
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Source : http://biz.thestar.com.my/news/story...7&sec=business

Penang to have integrated transport hub

By ANTHONY TAN

BUTTERWORTH: The RM2bil transportation hub in Butterworth, which will be known as Penang Sentral, will cover an area of 557,418 sq metres (six million square feet), Prime Minister Datuk Seri Abdullah Ahmad Badawi said.

He said the hub, a component project of the Northern Corridor Economic Region (NCER), would be undertaken by a joint-venture between Malaysian Resources Corporation Bhd and Pelaburan Hartanah Bumiputra Bhd.

"This project will involve the construction of a transportation and logistics hub which integrates rail, ferry, monorail and land transport," he said when launching Penang state-level’s NCER here on Tuesday.

Abdullah, who watched a live crossover of the project’s ground-breaking and launched the Rapid Penang public bus service at the event, said Penang Sentral would also have commercial, retail and residential development.

He believed the project would transform Butterworth into a more modern and metropolitan area.

The hub, which would be modelled after the successful KL Sentral project in Kuala Lumpur, would have an estimated gross development value in excess of RM2bil.

It would have two ferry platforms, two monorail platforms, four train platforms, 50 bus platform and 4,000 parking bays.

Some 200,000 passengers are expected to use the hub daily when it is completed.

Chief Minister Tan Sri Dr Koh Tsu Koon said Penang Sentral would be implemented in sub phases.

An MRCB official said the company hoped to implement the first phase of the project next year for completion in 2010. The phase involved the construction of a RM100mil integrated transport terminal which will also have commercial outlets.

For the time being, a RM5mil temporary Butterworth bus terminal will be built to replace the one destroyed by fire in May 2001.

The MRCB official said there would be 29 bus bays and 49 taxi bays in the temporary terminal which will be built using the "open shade concept."
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Old July 31st, 2007, 01:41 PM   #54
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OSK Property sees pick-up in business in 2H



KUALA LUMPUR: OSK Property Holdings Bhd expects its property business to improve in the second half of this year, compared with the first half which saw lower construction activities and the Chinese Lunar New Year festivities.

Its executive director Tan Boon Chuan said the company “should be making better returns in the second half” as “things will pick up very fast” in light of its existing and new property development projects, situated mainly in Sungai Petani, Sungai Buloh and Seremban.

He told reporters after the company’s EGM yesterday that its mixed development project in Sungai Petani, with different parcels being launched every year, would stand to benefit significantly as it was located within the Northern Corridor Economic Region (NCER).

At the EGM, its shareholders approved its proposed renounceable rights issue of up to 149.99 million shares at RM1 share, which is expected to raise between RM95.5 million and RM150 million.

He said the proceeds would be used for the group’s working capital for projects coming on-stream and for the redemption of its first tranche of Islamic debt securities due on April 6, 2008.

He said the company’s five major mixed and residential development in Sungai Petani, Sungai Buloh, Seremban and Kajang entailed a land area totalling 586.4ha with an estimated total gross development value (GDV) of RM2.8 billion.

Its Bandar Puteri Jaya township in Sungai Petani, which spans across some 520ha with RM2.1 billion in GDV, is a mixed development project comprising commercial and residential properties.

He said the project was in its third phase where a hypermarket and over 5,000 units of single-storey and double-storey semi-detached and terrace houses were completed last month.

Tan said a primary and secondary school, under the Ninth Malaysia Plan, had been scheduled for launch by the government this year.

On another matter, he said OSK Property had on July 1, completed its acquisition of Atria Shopping Centre and the surrounding 2.18ha of freehold land from Atria Properties Sdn Bhd for RM75 million.

He said the company was drawing up the development design for submission to the authorities, and it hoped to obtain approval in the later part of this year.

Tan said its development strategy for Klang Valley was to have “niche and small-to-medium size” developments as land was scarce and expensive, while “townships” would be planned in other parts of the country.
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Old July 31st, 2007, 01:42 PM   #55
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Four NCER states set to work in tandem


ALOR STAR: Perlis will provide the world’s best seeds, farmers in Kedah and northern Perak will plant them and breed livestock, and Penang will distribute the finished products.

That, in a nutshell, is how the Northern Corridor Economic Region (NCER) will work.

Launched here yesterday in an elaborate ceremony by Prime Minister Datuk Seri Abdullah Ahmad Badawi, the four states will function as one unit to not only become the country’s food provider but also make the country a net exporter.

Northern growth: Abdullah launching the Northern Corridor Economic Region at the Mada headquarters in Alor Star yesterday. Applauding (from left) are Perlis Mentri Besar Datuk Seri Shahidan Kassim, Kedah Mentri Besar Datuk Seri Mahdzir Khalid, Penang Chief Minister Tan Sri Dr Koh Tsu Koon and Perak Mentri Besar Datuk Seri Tajol Rosli Ghazali. — MUSTAFA AHMAD / The Star
Abdullah, in his speech, pointed out that there was a noble reason behind the programme and its workings as well as targets.

“We need to achieve balanced development in our country and we find we need to refocus in the north.

“We are not doing something new but just doing it differently by value-adding,” he said, adding that the corridor initiative would span five Malaysia plans.

The prime minister said there was also a need to improve the infrastructure in order to enhance existing economic sectors and for value-adding to succeed.

Besides the setting-up of a seed centre which will encompass research and development as well as growing high-quality seeds, Perlis would also see an inland container depot being built and the setting-up of a climatic fruit cluster to take advantage of its geographical position.

For Kedah, where most of the foodstuff will be grown, there will be the setting-up of padi estates, improvements to its antiquated irrigation system and the establishment of a halal hub in Sungai Petani.

For Perak (where the NCER covers only its four north-most districts), the Royal Belum Forest will act as the region’s herbal plain for bio-prospecting and the setting-up of several human capital training centres.

Penang will see its existing infrastructure of ports, airports, rail connection and roads expanded in order to achieve its role as the region’s integrated distribution hub.

All four states will also see new highways or expansion of existing ones.
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Old July 31st, 2007, 02:20 PM   #56
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OMG!! ade tengok rendering butterworh sentral x ? seriously.. it so ******* awesome
Show us the picture pls
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Old July 31st, 2007, 04:00 PM   #57
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RM18b Penang Global City Centre to be completed in 15 years

BUTTERWORTH: The RM18bil Penang Global City Centre (PGCC) project will take 15 years to complete.

The PGCC project is by Abad Naluri Sdn Bhd, an associate company of Equine Capital Bhd.

Equine holds a 25% stake in Abad Naluri, which is developing PGCC on the 260-acre site where the Penang Turf Club is presently located.

The PGCC is one of the projects highlighted in the Northern Corridor Economic Region (NCER) blueprint.

Equine executive chairman Datuk Patrick Lim said two award-winning architects, one each from New York and Paris, would design the PGCC project.

"Hani Rashid from Asymptote Architecture in New York will design the architecture, which includes two iconic towers, while Nasrine Seraji from Atelier Seraji in Paris will design the master plan," he told reporters after the launch of the NCER Penang portion blueprint by Prime Minister Datuk Seri Abdullah Ahmad Badawi on Tuesday.

Lim said the PGCC master plan would be unveiled in September while the project would be launched in eight to 12 months.

The first phase would involve the development of a 26-acre park, and road infrastructure to smoothen the traffic flow for the project, he said.

"The park will be connected to the Botanical Garden. We will use the necessary technologies, such as thermal treatment, to develop PGCC into a carbon-free city," he said.

Lim said the PGCC project would have two five-star hotels, commercial and residential properties, and a state-of-the-art cultural centre.

Lim said there were many options to fund the project, including joint ventures and issuing capital bonds.

"We are also applying to obtain MSC-status to attract information and communications technology companies to set up regional offices at the park," he said.

On the Penang International Equestrian Centre in Batu Kawan, Lim said Abad Naluri would start work on the centre once construction work commenced on the second Penang bridge.
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Old July 31st, 2007, 04:05 PM   #58
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Emkay to develop RM600m eco tourism destination

The Emkay group of companies will be developing a RM600mil world-class eco-tourism destination in Pulau Banding.

The group said in a statement it would develop the island as the gateway to the 130-million-year-old Belum-Temengor Forest Complex, which comprises the Royal Belum State Park, Belum Forest Reserve and Temengor Forest Reserve.

The group had on July 18 entered into a sale and purchase agreement with Kumpulan Fima Bhd to acquire another 294 acres in Pulau Banding for RM15.8mil, and now owned the entire 600-acre Pulau Banding, which lies within the Northern Corridor Economic Region.

It said the project would generate tourism income, jobs and business opportunities for the local community.

The project, which was scheduled for completion in 10 to 15 years, would also see extensive research being generated in the rainforest, harnessing its worth through various opportunities in the fields of biotechnology and pharmacology.

The first of the three-phase development would involve immediate refurbishment of the existing Banding Island Resort.

The 27-room resort would be turned into a three-star resort with 120 rooms, complete with dining and meeting facilities.

Also to be developed are a rest and recreation centre, and a research centre donated by Yayasan Emkay for the use of non-governmental organisations or other interested parties keen to use the facilities to further their ongoing research into the Royal Belum and its surrounding rainforest.

The second and third phases would see homestead land parcels being offered to corporate entities, individual and foreign investors and the establishment of a five-star boutique resort.
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Old August 1st, 2007, 03:34 AM   #59
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Penang Sentral integrated transport hub

The RM2bil modern transportation and logistics hub will be built on the site of the Butterworth ferry terminal, railway station and former bus terminal which burnt down in May 2001.

The project, which aims to transform Butterworth into a modern metropolitan area, covers 557,418 square metres and will replace the current Butterworth ferry terminal and railway station.

The hub will integrate rail, ferry, monorail and land transport modes.

The project will be developed by Malaysian Resources Corporation Bhd and Pelaburan Hartanah Bumiputra Bhd.

The first phase, involving the integrated transport and commercial outlets, is expected to take off next year and be completed in 2010.

In the interim, a RM5mil temporary bus terminal will be built at the site.
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Old August 1st, 2007, 03:39 AM   #60
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Penang to undergo transformation into major logistics, transportation hub
TheStar 1 August 2007


BUTTERWORTH: The Northern Corridor Economic Region (NCER) project will see the transformation of Penang into a modern, vibrant city and a major logistics and transportation hub.

Prime Minister Datuk Seri Abdullah Ahmad Badawi, who unveiled a list of projects for the state under the NCER initiative here yesterday, said they would turn Penang into the “Gateway to the Northern Corridor”.

With price tags reaching billions, the projects are not only concentrated on the eastern portion of the island but also in the more rural south-west district and in Seberang Prai.

Here is a summary of the projects:


Penang Sentral integrated transport hub

The RM2bil modern transportation and logistics hub will be built on the site of the Butterworth ferry terminal, railway station and former bus terminal which burnt down in May 2001.

The project, which aims to transform Butterworth into a modern metropolitan area, covers 557,418 square metres and will replace the current Butterworth ferry terminal and railway station.

The hub will integrate rail, ferry, monorail and land transport modes.

The project will be developed by Malaysian Resources Corporation Bhd and Pelaburan Hartanah Bumiputra Bhd.

The first phase, involving the integrated transport and commercial outlets, is expected to take off next year and be completed in 2010.

In the interim, a RM5mil temporary bus terminal will be built at the site.


Penang Global City Centre

The project will transform the site where the Penang Turf Club now stands in Bukit Gantung, George Town. It will be a modern city centre tailored for meetings, incentives, conventions and exhibitions.

Besides an international exhibition and conference centre, the RM18bil project will also have shopping complexes, two five-star hotels, commercial and residential properties, a state-of-the-art cultural centre and a 10.5ha park.

The project, which will occupy a 105ha site, is being developed by Abad Naluri Sdn Bhd, an associate company of Equine Capital Bhd, and will take 15 years to complete.

The project is expected to create 5,000 construction jobs.


Second Penang Bridge

Announced earlier, the RM2.7bil second link between the mainland and Penang will be 23km long and link Batu Kawan in Seberang Prai with Batu Maung on the south-eastern corner of the island.

Construction of the longest bridge in South-East Asia is expected to start in November and be completed in 2011.

It will be built under a joint-venture between UEM Builders Bhd and China Harbour Engineering Co Ltd.

China will provide a US$800mil (RM2.8bil) loan to the project, the largest amount given by China for a single project in a foreign country.


Pulau Jerejak premier medical tourism centre

The 362ha island off the east coast of Penang island will be developed into a premier medical tourism centre in the region.

This is part of efforts to enhance Penang's strength in medical tourism.

Suitable incentive packages will be provided to develop the medical tourism industry to make it an engine of growth in the NCER.


Penang-Butterworth fast ferry

A fast ferry service will be introduced for pedestrians and motorcycles next year as an addition to the present Penang ferry service. The ferry terminals at Butterworth and on the island will be upgraded.


Penang Port expansion

Penang Port will be promoted as the leading port of the Indonesia, Malaysia, Thailand Growth Triangle (IMT-GT).

Facilities at the port will be upgraded so that it will be able to handle more containers and bigger container ships.


Bayan Lepas Airport expansion

The Bayan Lepas Airport will be made the premier air cargo hub in the IMT-GT and will handle high-quality perishable food items.

A new passenger and cargo terminal and additional runways will be built to cater for increasing air traffic.


Penang Monorail

The monorail network will span a total of 37km. It will reduce traffic congestion on the island and in Seberang Prai.


Swettenham Pier redevelopment

Swettenham Pier in George Town will be redeveloped into a new public transport system and commercial hub.


Micro-Electronics Centre of Excellence
The centre will be built at the Universiti Sains Malaysia campus under a public-private partnership.

It will be used to increase the capability of local workers to shift from low-level manufacturing and assembling activities to value-added high technology activities such as the design of electronic, robotic and silicon items.


Hospitality college

A college for hospitality studies will be built in Balik Pulau. A hotel will also be built there to provide practical training for its students.


Khazanah Nasional Bhd regional office

Khazanah has opened its northern regional office in Penang to facilitate investments by government-linked and private-sector companies in the NCER.

After IDR, this is another metropolis in the making!
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