Presenting its alternative PTMP at a press conference yesterday, Penang Forum said building the trams and BRTs would also take less time.
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.
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.
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.
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.
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.
In a filing with Bursa Malaysia yesterday, Sunway said the notice states that a development agreement between Sunway City and the state government signed on Sept 11, 1997 had lapsed.
The 113.2ha freehold land is in Mukim Bentong, Pahang