The federal government’s double standards in the allocation of funding for conservation and revitalisation projects in Penang and Malacca are disturbing. Malacca receives RM30 million while Penang gets only RM20 million.
First, the disparity in the amounts given is hard to understand, given that Penang has the largest collection of pre-war shop-houses in the region. Unless the reason is political – you know, Malacca comes under BN and Penang under Pakatan.
Second, the RM20 million for Penang doesn’t go to the state government but to Think City. Now, Think City is a wholly owned special purpose vehicle established by Khazanah Nasional Berhad (under the Finance Ministry) to implement and manage a so-called ‘George Town Grants Programme’.
View ThinkCity Physical Projects Map Round 1 & 2 in a larger map

