Five reasons why it would be good if federal loan for Penang’s mega plan is ‘not forthcoming’

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The reported ‘bad news’ that a bridging loan for phase one of the controversial RM46bn Penang land reclamation and transport plan may not be forthcoming from the federal government would actually be good news for Penang.

The lack of a federal bridging loan would make it more difficult for the mega Pan Island Link highway and the single-route elevated light rail transit to proceed: the project proponents were obviously relying on this loan to provide the capital for the construction.

The Penang chief minister later said it would be premature to talk about a bridging loan when key approvals for phase 1 of SRS Consortium’s expensive land reclamation and transport mega plan had not yet been received. His statement came after the consortium maintained the state government should stick to the proposal for the state to cough up RM1bn in public funds as a loan. Full article on Aliran website

READ MORE:  Proposed elevated LRT in Penang too early and too late
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Penang Waterfall Ranger
Penang Waterfall Ranger
22 Mar 2019 11.25am

I am sure many of you will be going to IKEA Batu kawan. On way back to island using 2nd bridge, you can notice commercial fish farming in between the two lands. Anil should visit the farm to understand the future of fishes for local consumption.

Wei
Wei
22 Mar 2019 11.47pm

nah….NGOs reject reclamation so that our fisherman can catch more fish until no more left in the sea…their livelihood must be protected at all cost mah…makes me wonder if these fisherman own the coast of Penang…hehe

Song
Song
24 Mar 2019 4.33pm

Penang fish farming

rajraman666
rajraman666
25 Mar 2019 3.13pm
Reply to  Song

Where the small death fish came from Song?
From Penang Sea Bed?
Looks like the breeder have supplier ready for small fry for rich people like you to eat.

rajraman.Soon fish ikan bilis also endangered specicies.

Shriek
22 Mar 2019 10.13am

Finally we will have a airport in kulim. Why tung land and susu teh and pg forum dead silence? No airport in pg land, less noise, less hill cutting and even stop reclamation. Less investors and less activities. Less accounting firms. No need to visit overseas resort. Maybe eat less than 6 times a day??? False??

Song
Song
25 Mar 2019 12.06pm

tunglang can go check up the street food of Kulim and give us his verdict, whether can challenge Penang food in terms of taste and value:
https://en.m.yelp.my/search?find_desc=Street+Food&find_loc=Kulim%2C+Kedah

Milk Tea
Milk Tea
21 Mar 2019 6.22pm

Developer Action Party will soon be asking for donations using Milo Tins. They already lelong away half of Penang and still got no money. If no money, don’t waste money la. 1 trillion debt they says, yet still spend like there is no basic roads in Penang. No wonder Bursa drop after PH elected. MACC must investigate!

rajraman666
rajraman666
21 Mar 2019 3.17pm

https://www.thestar.com.my/news/nation/2019/03/21/world-happiness-index-malaysia-plunges-from-no-35-to-80-in-one-year/#1JZELZjq2WzgXvgr.41

rajraman.I thought i am happy as others when Harapan took over from “THIEF”but sfter few months i realised this current Political Traders trade their lies as common Organised Crime.Big Business with big $$$ and Power.

Shriek
22 Mar 2019 10.04am
Reply to  rajraman666

Can still eat 6 times a day?

Shriek
23 Mar 2019 9.04am
Reply to  rajraman666

Go and make citizen arrest instead of NATO and kau beh kau bu

Song
Song
21 Mar 2019 1.00pm

Penang government could seek funding from the private sector, just like the RM1.6b Kulim airport that wil be foot by private sector according to Azmin Ali.

https://m.malaysiakini.com/news/468936

Those who have young children should consider buying a property in Kulim (while it is still affordable) as your children will likely work in the Kulim high-tech park in the future. Kulim International Airport will likely relegate Bayan Lepas Airport as a regional airport.

Ma jiji
Ma jiji
21 Mar 2019 6.07pm
Reply to  Song

Vanke Group from China seems very keen on investing in Penang ?

Shriek
22 Mar 2019 9.06pm
Reply to  Ma jiji

Why not when ah chans are so loaded. They can pay cash to buy properties in Hong land. What more if syrikat.

Benny Chiok
Benny Chiok
29 Mar 2019 1.52pm
Reply to  Ma jiji

Beware of debt diplomacy of PRC!

Wei
Wei
21 Mar 2019 11.35am

hehe..it shows that reclaim land to fund transport plan is the perfect model…Penang should consider reclaim more land…if 3 islands not enough, let’s do 6 ….most Penangite strongly support improvement in infrastructure in the state..

Milk Tea
Milk Tea
21 Mar 2019 6.24pm
Reply to  Wei

Make sure you stop eating fish as the sea bed is covered by your greediness.

Wei
Wei
22 Mar 2019 9.56am
Reply to  Milk Tea

in the end reclamation will benefit Penang and Penangite..that is all that matters..not gelakan..hehe

Milk Tea
Milk Tea
22 Mar 2019 11.59am
Reply to  Wei

Benefit your boss, YES… benefit us, NO…

Shriek
22 Mar 2019 10.08am
Reply to  Milk Tea

U must be missing those kopi o and susu teh fishes during dummo days? Those kopi o and susu teh discharge into the sea

Shriek
23 Mar 2019 8.02pm
Reply to  Milk Tea

You miss fishes swimming in kopi o and susu teh polluted water during dummo gilakan reign?