RM70b from Penang reclamation could fund state’s transport blueprint, growth
Penang Chief Minister Chow Kon Yeow looks at the Pan Island Link 1 plan after announcing the approval of the EIA report for the project in George Town April 15, 2019. — Picture by Sayuti Zainudin
The PSR is a land reclamation project to create three man-made islands covering 4,500 acres off the southern coast of Penang island. The report also stated that the reclamation process could be completed in six years, but others have said it may take up to 15 years, with the overall development of the island another 15 years beyond that.that the industrial plots on the island, depending whether it is free- or leasehold, could cost between RM70 and RM200 per square foot .
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