GEORGE TOWN: The Penang Development Corp (PDC) has announced a Request For Proposal (RFP) to build an international theme park which could be worth more than RM100 million.
General manager Datuk Rosli Jaafar said PDC has identified two sites in Bandar Cassia in Batu Kawan for the theme park and a golf resort.
He said the land area for the theme park would be around 87ha while the golf resort will be built over 190ha. The RFP is for the purchase, lease and development of either both or one of the projects.
“The theme park should cover a minimum of about 69ha, with the remaining land to be set aside for residential, commercial and other components related to the golf resort development,” he told reporters here yesterday.
He said both projects must be fully completed within four years from the date of related agreement or within such extended time subject to payment of a penalty premium by mutual agreement between both parties.
“An earnest deposit of RM3 million will be collected to ensure the project is completed according to the timeline submitted,” Rosli said.
He said the land tenure is 30 years plus 30 years’ lease for the golf course and theme park, with 99 years leasehold for other components in the development. He said the closing date for companies to submit their proposals is Oct 31. — Bernama
This article first appeared in The Edge Financial Daily, on August 6, 2013.