GEORGE TOWN (March 26): The Penang Government will establish a joint-venture (JV) company with SRS Consortium to carry out reclamation works under phase one of the Penang South Reclamation (PSR) project.
KUALA LUMPUR (March 25): Gamuda Bhd's 60%-owned single purpose vehicle SRS Consortium Sdn Bhd will undertake the development of Island A under the Penang's Transportation Master Plan.
PETALING JAYA (July 13): Penang will request for federal funding for its Penang Transport Master Plan (PTMP) if its application to reclaim land from the southern coast of the island to create three man-made ones is rejected, reported the Malay Mail.
PETALING JAYA (June 1): The Penang government is waiting for the federal government to decide on whether to review the Penang Transport Master Plan (PTMP) project.
GEORGE TOWN (May 14): The Penang government said it will push for the light rail transit (LRT) project under the RM27 billion Penang Transport Master Plan to be given priority by the Land Transport Commission (SPAD).
GEORGE TOWN (Dec 8): The Gamuda Bhd-led Penang Transport Master Plan has been factored into the Penang Structure Plan 2020-2030 (PSP2030) to facilitate the issuing of guidelines involving transport-oriented development (TOD), an official said today.
KUALA LUMPUR (Aug 4): SRS Consortium Sdn Bhd, a 60:20:20 joint venture among Gamuda Bhd, Loh Phoy Yen Holdings Sdn Bhd and Ideal Property Development Sdn Bhd, has duly accepted an extension of a letter of award (LoA) by the Penang state government to Feb 28, 2017 for its appointment as the project delivery partner (PDP) for the implementation of the Penang Transport Master Plan (PTMP).
GEORGE TOWN (July 22): 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).
GEORGE TOWN (Jan 8): The final cost of the Penang Transport Master Plan (PTMP) could balloon to more than the estimated RM27 billion once all the plans — including for the elevated rail system alignment — and the relevant detailed studies are completed, with federal approvals obtained.