GEORGE TOWN: The Penang Port Commission (PPC) has issued a request for proposal (RFP) for the development of its warehouses and the Tanjung City Marina land.
PPC chairman Datuk Yeoh Soon Hin said the objective of the RFP is to invite financially and technically qualified companies to implement the proposed development of the warehouses, situated at the Church Street Pier.
"As for the development of the Tanjung City Marina land, the lease period would be for 30 years with an option for a 15-year extension," said Yeoh on the PPC Facebook page on Monday (Sept 2).
"Since the existing warehouses are within the heritage enclave (Category 2), the buildings are not allowed to be demolished."
Both developments involve a land size of 24,391 square metres.
This is the third time an RFP has been called for the project, with the first one in 2019, to develop the Tanjung Marina land within the George Town Unesco World Heritage site, which has been abandoned since 2014.
It was built at a cost of RM43mil in the early 2000s by the Federal Government to rejuvenate the former Church Street Pier.
However, the plans of 2019 fell through when the Pakatan Government fell in 2020.
In 2021, PPC entered into an agreement with MPDT Capital Berhad involving a RM120mil investment by the company to develop the warehouses and part of the Tanjung City Marina.
The project was dubbed 'MPDT 1880 Heritage Reborn', featuring attractions housed in a 24,956 sq m area.
It is still not known what happened to the deal.
