The Kedah government has signed an agreement with ECK Group to build a northern regional airport in Kulim.
ECK Group and the Kedah government will hold an 80:20 stake in a special purpose vehicle to build the airport.
The first phase will reportedly cost RM6bn.
- Is this a priority project during the pandemic, when air travel and international tourism have ground to a halt?
- Is building a new airport so close to the Penang airport the wisest thing to do in this era of climate change, when we are trying to curb emissions?
- Given that another company in the ECK Group now has a majority stake in the Penang tunnel-and-highways developer, where is the working capital for both projects coming from?