A gathering in support of a proposal by a contractor and two Penang-based property developers to put up RM46bn of transport infrastructure fell flat when only about 10 people turned up.
A couple of people believed to be associated with the project proponent/key backer were seen outside as well.
Reporters outnumbered those present.
Increasingly, SRS Consortium’s RM46bn plan is being seen for what it is: a property play using exorbitant spending on regressive transport infrastructure to justify massive land reclamation (4,500 acres) – much of this land to be sold to developers, mostly for high-end homes priced well beyond the reach of ordinary Penangites.
Only 20% of the homes on the homes on the reclaimed land will be ‘affordable’ (to whom?) while the three artificial islands will swallow up key fishing waters.