GEORGE TOWN: Boustead Holdings Bhd will get RM20mil as compensation for scaling down the height of its proposed hotel at the Unesco World Heritage site here.
The Penang Government has agreed to pay the amount to the company in a compensation agreement reached between the two parties instead of the RM58mil initially sought by Boustead, State Local Government and Traffic Management Committee chairman Chow Kon Yeow said.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!