SRS Consortium accepts LoA extension as PDP for Penang Transport Master Plan
Gamuda said all terms and conditions of the LoA remain unchanged.
Cost of Penang Transport Master Plan to balloon to RM46b, says project delivery partner
The Gamuda Bhd-led SRS Consortium confirmed that the initial cost of RM27 billion for the Penang Transport Master Plan (PTMP) has ballooned to an estimated RM46 billion, after additional components were added by Seberang Perai Municipal Council (MPSP).
Penang NGO’s alternative transport plan costs just a third of state govt’s
Presenting its alternative PTMP at a press conference yesterday, Penang Forum said building the trams and BRTs would also take less time.
Penang rebuts claim it owes CZBUCG RM100m in feasibility studies fees
Chief Minister Lim Guan Eng said CZBUCG had only submitted RM138 million worth of claims for the feasibility studies on the three roads that are to be built under the project, which was paid when the state handed over a plot, measuring 1.4ha on Bandar Tanjung Pinang 1 (Plot 702), to the consortium.
Ideal Sun City to buy commercial buildings for RM50 mil
Its new chief executive officer Datuk Thomas Liang said the project management services provider will acquire the buildings by the first half of the financial year ending Dec 31, 2017.
Glomac plans RM1.2 bil worth of launches for FY17
It said it is looking at launching new phases of mostly terrace houses throughout the Klang Valley and Johor, as well as upscale products such as semi-detached units in Saujana KLIA.
EcoWorld seeks RM159 mil refund for aborted Penang project
The refund would amount to RM159.25 million, which comprises a RM156.25 million initial payment for the purchase and lease consideration, and RM3 million earnest deposit, for the 182ha plot of land on which the mixed development was planned.
Penang halts undersea tunnel study, raising doubts about construction
Datuk Zarul Ahmad Mohd Zulkifli, chairman of Consortium Zenith BUCG Sdn Bhd (CZBUCG), which conducted the study, said it was up to the state to decide whether to construct the undersea tunnel given that the feasibility study was incomplete.
CZBUCG awaits funding from Penang for RM6.3b infrastructure project studies
The amount due includes the 83% feasibility studies done on the 7.2km undersea tunnel connecting Butterworth on the mainland and Gurney Drive on the island, which has been stopped following instructions given by the Penang government about a month ago, said its chairman Datuk Zarul Ahmad Mohd Zulkifli.
