AmResearch: Federal approval for E&O reclamation very significant


Actual photo of STP Phase One including Straits Quay with illustration of Quayside superimposed.

KUALA LUMPUR: AmResearch views the Department of Environment conditional approval for Eastern & Oriental's subsidiary to undertake the reclamation of Phase 2 of Seri Tanjung Pinang (STP2) at Tanjung Tokong, Penang as a "very significant one".

It said on Monday that E&O might soon proceed to call for tender proposals for the reclamation of the 760 acres at STP2 once it receives formal approvals from the Penang state government.

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