Latest: PLUS has accepted the UEM-EPF bid as a confirmed offer. MMC meanwhile had submitted its bid directly to the government.

See Singapore Business Times story here.

While we are all distracted by the ethnic and religious controversies in the country, watch out for these big-ticket deals.

On the sale of PLUS Expressways Bhd, one of the most lucrative assets in the country: UEM-EPF remains the only bidder (RM23 billion) after Jelas Ulung, which had submitted a RM26 billion bid, dropped out of the race when it failed to come up with a RM50 million deposit. Continue reading »

 

Penang Sentral
RM2 billion terminal – but not enough funds for public transport (Image from penangsentral.com.my)

So we are going to have a montrous RM2 billion terminal in Butterworth that is supposed to be the gateway to Penang.

This project is supposed to be located on a 12.8ha site “at the existing Butterworth train, bus and ferry terminal and will integrate KTM’s rail services, road transport facilities and the ferry services operated by Penang Port”.

It’s going to be a big money project for Malaysian Resources Corporation Berhad (MRCB) and Pelaburan Hartanah Bumiputra Berhad (PHBB).

Last year, The Star reported that “it would have two ferry platforms, two monorail platforms, four train platforms, 50 bus platforms and 4,000 parking bays”.

Oops, no federal money for monorail – or trams for that matter – now. It’s pathetic that the state has to celebrate because the federal government has approved RM40 million to revive the broken down Penang Hill railway. (Under the Penang Hill project, a new one-stretch cable railway track will be laid between the lower and upper stations, doing away with the present middle station, reports Malaysiakini. The rail track will be laid to accommodate larger and longer funicular trains.)

Continue reading »