Just received word from a source that the agreements between the Penang Development Corporation and Abad Naluri in 2004 and 2011 involving 1,400 acres of Batu Kawan land will be made public soon.
Apparently the PDC had to honour the price in the 2004 agreement, which involves 750 acres, and did some kind of trade off involving 650 acres of industrial land. An abandoned low-cost housing scheme involving 320 flats will be revitalised and completed.
The decision to make public the agreements is most welcome. It will be interesting to find out what’s going on with the 300 acres of land allotted for the race-track and what the trade-off entails.