Some quick observations on the Penang budget speech.
The Penang state government has requested Penang Sentral Sdn Bhd to undertake a feasibility study for a RM300m Penang Sky Cab project, presumably a cross-channel cable car system (point no.58 in the Penang budget speech below). The state government acknowledges this is not meant as an alternative to public transport modes like LRT and trams, but more as a tourist attraction.
But cable cars are not an unusual gimmick; Malaysia already has them in Genting and Langkawi (see video above); and they would not be unusual for tourists from developed nations. Besides, the fares are unlikely to be cheap. So, hopefully no public funds will be used for this.