RM17 Billion Approved for Bayan Lepas LRT and Pan Island Link 1
Since June 2017, Penang government had announced that a sum of RM17 billion from an estimated total cost of RM46 billion for the Penang Transport Master Plan (PTMP) project has been approved.
State Local Government, Traffic Management and Flood Mitigation Committee chairman Chow Kon Yeow said the RM17 billion cost included the Bayan Lepas Light Rail Transit (LRT) from Komtar and the Pan Island Link 1.
He said based on the engineering consultant Halcrow’s study in 2011, the report only covered the conceptual studies, at an estimated cost of RM27 billion. There were no detailed studies undertaken.
“The state government had appointed SRS Consortium to implement the PTMP, and the consortium had proposed a cost of RM46 billion after they conducted feasibility study and preliminary engineering design,” he said.
“What is approved for Phase 1 is less than RM27 billion. What have been approved and will be given the green light to start are the Bayan Lepas Light Rail Transit (LRT) and the Pan Island Link 1 projects, which are just about RM17 billion,” he told reporters here today.
He explained that the Environmental Impact Assessment (EIA) report for the Bayan Lepas LRT project had been submitted to the Department of Environment in May and is currently waiting for the Land Public Transport Commission’s (SPAD) conditional approval for public inspection.
Source: Bernama
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State Local Government, Traffic Management and Flood Mitigation Committee chairman Chow Kon Yeow said the RM17 billion cost included the Bayan Lepas Light Rail Transit (LRT) from Komtar and the Pan Island Link 1.
Proposed LRT line in Penang island
槟岛轻快铁计划以及房屋发展计划
He also reiterated that the total cost of PTMP as proposed by its
project delivery partner, SRS Consortium, was RM46 billion for the
railway and highway which also included three major roads and an
undersea tunnel project by Consortium Zenith Construction Sdn Bhd (CSZ).He said based on the engineering consultant Halcrow’s study in 2011, the report only covered the conceptual studies, at an estimated cost of RM27 billion. There were no detailed studies undertaken.
“The state government had appointed SRS Consortium to implement the PTMP, and the consortium had proposed a cost of RM46 billion after they conducted feasibility study and preliminary engineering design,” he said.
“What is approved for Phase 1 is less than RM27 billion. What have been approved and will be given the green light to start are the Bayan Lepas Light Rail Transit (LRT) and the Pan Island Link 1 projects, which are just about RM17 billion,” he told reporters here today.
He explained that the Environmental Impact Assessment (EIA) report for the Bayan Lepas LRT project had been submitted to the Department of Environment in May and is currently waiting for the Land Public Transport Commission’s (SPAD) conditional approval for public inspection.
Source: Bernama
Looking for Early Bird Offer of Properties near LRT in Penang island?
There are some new properties starting to be developed near the above planned LRT line. These properties are expected to appreciate once the LRT are completed in future.
If you are planning to invest in new properties, with high confidence level to gain profits, you should consider some of the properties that I really highly recommend.
The reasons that I recommend these new properties not just because of LRT, but they are situated in attractive and strategic location.
New Low Dense Condominium at Strategic Location! (Limited offer during CNY)
2xx total units
RM6xxk only !
Partially furnished
FREE 2 carparks
Walking distance to future LRT station
Walking distance to Penang BEST primary school, ideal location for parents
3 minutes to Penang largest Mall, Queensbay Mall
3 minutes to Penang industrial area
Feel FREE to make appointment for viewing
Elvin +60165553508
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