State govt in shock as Fed Govt pulls funding for Penang Hill cable car project

  • Nation
  • Tuesday, 02 Jun 2020

Penang Chief Minister Chow Kon Yeow.

GEORGE TOWN: The state government is in shock, as they have been informed that the Federal Government has pulled the plug on the RM100mil Penang Hill cable car project, says Chief Minister Chow Kon Yeow (pic).

"We are disappointed with the decision by the Federal Government. The cancellation of the RM100mil project will not only affect the continuity of the Penang Hill development plan, but also Penang's economy in general, ” he said.

He added in his daily message on his official Facebook page on Tuesday (June 2), that the state government was just notified about the cancelation of the project by the Federal Government.

"In the current economic situation due to the Covid-19 pandemic, public infrastructure like the cable car project would stimulate the local market, provide job opportunities and cause other ripple effects to the state's economic development," said Chow.

The RM100mil allocation for the cable car project at Penang Hill was announced during the last 2020 Budget, tabled by then Finance Minister Lim Guan Eng.

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