RM6.3bil Penang tunnel job project to begin in two months


Consortium Zenith chairman Tan Sri Azmi Khalid told StarBiz that a land acquisition agreement would be signed on Aug 31 between the company and the Penang state government. A sub-agreement, which provides details on the construction of the first phase, will also be signed on Aug 31.

KUALA LUMPUR: The first phase of Penang’s controversial tunnel project worth RM6.34bil is set to kickstart construction by end-October 2019, amid criticism on the project’s cost and the delay in completing the feasibility study.

Consortium Zenith Construction Sdn Bhd, which is the main contractor for the multi-billion-ringgit project, has clarified that a master agreement was signed on Aug 2 that indicated the Penang state government’s commitment to proceed with the construction of the infrastructure works.

Save 30% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

World markets jolted, dollar dips as Trump vows tariffs on Europe over Greenland
Oil prices steady as ebbing Iranian protests lower chance of US attack
Foreign funds log second straight week of net inflows of RM716.1mil
Ringgit opens higher against greenback on better-than-expected 4Q GDP estimates
FBM KLCI slips on profit-taking as US-EU geopolitical tension escalates
Trading ideas: Binastra, Capital A, Allianz, MN, Vestland, Genting Plantations, YTL Cement, Pimpinan Ehsan, TH Plantations, Marine & General, FGV, SumiSaujana
Press Metal earnings outlook bright thanks to hedging
EU set to halt approval for trade deal with the US�
If I were an ageing oil palm tree
Hurdles in DBS’ Alliance Bank bid

Others Also Read