MIDF Research, in a note released yesterday, put forth a number of issues that would need better clarification when the Prime Minister sits down with the Penang administration, estimated to take place within the next two weeks.Īmong some questions raised were whether the federal government is funding the entire LRT project, including the five other lines proposed under the Penang Transport Master Plan (PTMP) or if the assignment would remain a federal or state project, as well as how would the implementation of the Penang LRT affect the proposed PSI project. The proposed Bayan Lepas line will measure 26.8 kms, serving some 23 stations on the eastern side of Penang island from Komtar in Georgetown to Bayan Lepas, costing RM9.5bil and would have been funded by proceeds from the Penang South Islands (PSI) reclamation project before Anwar’s announcement.Īn artist’s impression of the Bayan Lepas LRT Prime Minister Datuk Seri Anwar Ibrahim over the weekend pledged federal funds for the immediate implementation of the LRT project, and will meet up with the island’s state government to iron out a number of major details, particularly pertaining to loans that may require the federal government’s involvement. PETALING JAYA: It is the belief among certain circles in the local construction industry that it still needs a number of mega-projects – aside from the Mass Rapid Transit 3 – to give it a more meaningful post-lockdown era jumpstart.Īs such, industry observers have welcomed the news that the federal government has decided to allocate funds to expedite Penang’s Bayan Lepas light rail transit (LRT) project, an assignment that has long been put on the back burner due to funding issues.
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