GEORGE TOWN: The National Physical Planning Council (NPPC) has given the green light for the reclamation of three islands off the southern coast of Penang island.
Chief Minister Chow Kon Yeow, in a three-paragraph announcement, announced this after attending the council meeting Thursday (April 18).
He said the council, chaired by Prime Minister Tun Dr Mahathir Mohamad, approved the project with 18 conditions.
"The state will abide by the advice of NPPC and feedback from all relevant technical departments while completing the project in accordance with Section 2A(2)(b) of the Town and Country Planning Act 1976," Chow said.
He added that revenue generated from the project would be used to fund economic development in the state and would support the execution of the Penang Transport Master Plan.
The reclamation, dubbed Penang South Reclamation, is a project to reclaim three islands, 930ha on Island A, 445ha on Island B and 323ha on Island C.
The three islands will stretch along the entire southern coast line of Penang island, from Permatang Damar Laut in the east to Gertak Sanggul in the west.
The land bank from the project is expected to bring in more than RM70bil for the state.
The state has appointed SRS Consortium as the project delivery partner. The consortium is a 60:20:20 joint venture between Gamuda Bhd, Loh Phoy Yen Holdings Sdn Bhd and Ideal Property Development Sdn Bhd respectively.