Since 2013, the primary focus of the PTMP has shifted from 'moving people' to a massive coastal reclamation of three islands to the south. FMTNews PTMP Penangreclamation
The Penang chief minister is rushing to sign a project delivery partner agreement with SRS Consortium to implement the controversial Penang Transport Master Plan .
The bait for the SRS proposal was that it would be “free” – the PTMP implementation would be financed through land sales from three reclaimed islands and the Penang government would not have to come up with “a single sen”. Ordinary people are not likely dwelling on the fact that most of the remaining transport components will take decades to roll out, by which time the long-awaited transport modes might already be obsolete.While the PSR scheme was slowly set into place, the first few years of public discussion dwelt on the merits of the PTMP. Civil society champions wrote extensively about the cost-benefit weaknesses of the LRT and the Pan-Island Link.
At the same time, the pretence of the PTMP being “free” has been dropped. The Penang government now wants the federal government to guarantee up to RM10 billion of its sukuk bonds to pay for the LRT. In hindsight, the SRS proposal can be described as a plan to build a new township on reclaimed land south of Penang island and additionally to build transport infrastructure to provide connectivity for this new township. New political constituencies will eventually be formed on these three artificial islands.
Pua said that the 6% project fee for the PDP role played by MMC–Gamuda was “almost unheard of in a project of this scale”. The PDP fees alone would amount to RM1.08 billion. Six years later, Pua, now as finance ministry expert, again called for the government to reject the PDP model. He was speaking at a seminar on “Procurement as part of good governance in new Malaysia: Challenges and Recommendations”, organised by the Center to Combat Corruption and Cronyism .
In the past, the state relied on the Penang Development Corporation, not a private PDP, to manage its industrial expansion.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
PTMP: Construction work on LRT, PIL, PSR to begin by Q4 2020 , says Chow | Malay MailBUTTERWORTH, Feb 13 — The Penang government expects the construction work on the light rail transit (LRT), Pan Island Link (PIL) and Penang South Reclamation (PSR) projects under the Penang Transport Master Plan (PTMP) to begin by the fourth quarter of this year. Chief Minister Chow Kon Yeow said...
Read more »
Construction works for PTMP components to begin this yearSEBERANG JAYA: Construction works for components of the RM46 billion Penang Transport Master Plan (PTMP) project will begin within the last quarter of this year or even earlier, Chief Minister Chow Kon Yeow said today.
Read more »
PTMP: Construction work on LRT, PIL, PSR to begin by Q4 2020 , says Chow | Malay MailBUTTERWORTH, Feb 13 — The Penang government expects the construction work on the light rail transit (LRT), Pan Island Link (PIL) and Penang South Reclamation (PSR) projects under the Penang Transport Master Plan (PTMP) to begin by the fourth quarter of this year. Chief Minister Chow Kon Yeow said...
Read more »
'Disneyfication' no good for Penang’s tourism future, NGOs tell govtThey say Penang’s future not in tourism products but in providing satisfactory personal experiences. FMTNews Disney
Read more »
Penang, Kedah facing imminent water crisis as key dams dry upThe Penang Water Supply Corporation says urgent measures, including intense cloud seeding, are needed. FMTNews PBA
Read more »
Construction works for PTMP components to begin this yearSEBERANG JAYA: Construction works for components of the RM46 billion Penang Transport Master Plan (PTMP) project will begin within the last quarter of this year or even earlier, Chief Minister Chow Kon Yeow said today.
Read more »