PDC, Aspen formally close BKIP2 RFP matter


GEORGE TOWN: Penang Development Corporation (PDC) and Aspen (Group) Holdings Ltd have agreed that all matters relating to the Batu Kawan Industrial Park 2 (BKIP2) request for proposal (RFP) exercise are formally closed.

In a joint statement today, the parties said the matter was resolved following a meeting to discuss all outstanding issues arising from the BKIP2 RFP process, adding that no further public statements would be made.

PDC said that, as the evaluating authority, it had exercised its full discretion and prerogative in assessing all proposals submitted under the RFP process. Aspen acknowledged and respected PDC's authority and did not challenge the outcome.

Both parties also said their earlier public statements were made in good faith based on their respective understanding of the proposal and evaluation process at the time.

On the issue of bridge construction and Aspen's request for a first right of refusal over approximately 580 acres of adjacent PDC land, PDC said the parties had since met to discuss the matter directly and had agreed to consider it closed. - Bernama

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

Next In Business News

Mercedes-Benz Malaysia targets 17 new models for 2027, sees rising demand for EV
Bursa Malaysia ends lower ahead of FOMC decision amid higher oil prices
Ni Hsin unit to supply RM2.76mil EVs to Alam Flora
Frontken unit expands via RM118.16mil acquisition
PTT Synergy unit lands RM83.26mil contract in Klang
Wall St futures slip as rising oil, Treasury yields compound AI anxiety
UUE Holdings forms JV for power grid infrastructure business
YTL Power and Ganda Power secure four additional Siemens Energy gas turbine units
Oil climbs as Saudi pipeline outage, fresh attacks heighten supply concerns
UK jobs market stays soft before BoE rate call

Others Also Read