MELAKA: Melaka Gateway is a private initiative project that will benefit the state government and locals immensely, said its concessionaire KAJ Development.
Its CEO Datuk Michelle Ong said the project is aimed at elevating the state economy from a predominantly a "weekend" economy to an "all-the-year-round" one.
Launched in 2014, the project was to become the largest private marina in South-East Asia by 2025 with 12 precincts of residential, commercial, cultural, entertainment and lifestyle elements.
"Melaka Gateway is a demand-driven project promoting deep sea tourism that would generate significant economic impact for the state.It has been planned as a regional development initiative as opposed to 'developer-driven' real estate project," she said in an interview on Friday (June 1).
Ong said the company has often prioritised the locals by creating opportunities and benefing them.
She clarified that PowerChina International is a contractor and not a joint venture company.
Ong said the first island has been completed and currently, work is ongoing for the remaining islands.
"There is a vast opportunity for the locals to tap once the project is completed. We have achieved a desirable result in 30 months by using a high-tech reclamation method that was eco-friendly," she said.
The 1,504.9ha Melaka Gateway is a private initiative encompassing mixed development over four artificial islands and is classified as a national project under the National Key Economic Areas.
Besides the international cruise passenger terminal on Pulau Melaka East 1, a commercial city was proposed on Pulau Melaka East 2, a liquid bulk terminal on Pulau Melaka East 3, and a multi-purpose terminal and a maritime industrial park on Pulau Melaka East 4.
Ong was commenting on the mega project which may be axed if it does not benefit the locals.
Representatives from the state government will be a holding a press conference at the Portuguese Settlement on the environmental impact caused by the project on Saturday (June 2).