Ahdesya, Author at Silicon Island Development

PSR project will benefit the people of Penang, says deputy chief minister I

The Penang South Reclamation (PSR) project will benefit the state’s socio-economy, besides creating various jobs and stimulating economic growth, says Deputy Chief Minister I Datuk Ahmad Zakiyuddin Abd Rahman.

Penang to proceed with PSR reclamation works

Penang’s new islands to take shape from March

Penang growing stronger, to continue attract investments

THE key success factors of Penang being the ‘Silicon Valley of the East’ are mainly due to its capabilities to attract foreign investors, says Chief Minister Chow Kon Yeow. In a virtual interview session with Metro Radio Hong Kong recently, Chow, who is the first-term chief minister, was upbeat about the state’s prospects in attracting interests from various well-known multinational companies. “Supply chain and talent are among the most important factors in investment decisions and they are the key reasons for Penang’s success all this while. “The state’s policy and initiatives have always been focusing on strengthening supply chain and retain talents. “Some of the prominent semiconductor-related players in Penang include Broadcom, Intel, Micron, TF AMD and Western Digital; while notable electronics manufacturing services (EMS) companies are Flex, Jabil, Plexus and others. “The state government will continue with its effort to attract investments from the targeted industries,” he said during the Question and Answer (Q&A) session with Metro Radio Hong Kong. Besides that, Penang is heading towards becoming a smart city with various initiatives being carried out. The state can be considered as one of the role models for the country in terms of its smart, green and sustainable city. Among the initiatives which are being implemented are the cashless transactions and the 5G technology. In light of current pandemic, Chow said the e-commerce has now become one of the growing platforms for businesses to venture. “For instance, many companies have adopted e-commerce as one of the alternatives to promote their business amid the pandemic. “Apart from that, cashless transactions have been adopted by the consumers when purchasing their stuff. It is an excellent move to note that Penang is heading towards that direction. “On top of that, the state is also implementing the 5G technology,” he said. On the expansion of Penang International Airport (PIA) in Bayan Lepas, Chow said the expansion was supposed to begin last year but it was disrupted due to Covid-19. “It was suspended by the Federal Government as they were in the midst of conducting the National Airport Strategic Plan (NASP) study, which is expected to be completed in 2023. “The Federal Government have been called not to suspend the expansion work while NASP study is ongoing,” he said. Chow, nevertheless, noted the airport’s current capacity could accommodate 6.5 million passengers annually. “The expansion to cater for 16 million passengers will be the next phase, in the next 15 to 20 years. “The state is confident that a clean and competent governance is the key to making Penang an attractive destination, ” he added. Touching on the Penang South Reclamation (PSR) project, Chow said there are three islands planned in the project. “The three islands will comprised of smart cities where residents can have a balanced life, as well as maintain a healthy and social lifestyle. “One-fifth of the PSR land will be used for affordable housing units. “It will help to spur Penang further,” he said. Separately, on the Malaysia My Second Home (MM2H) programme, Chow pointed out that it was the initiative by the Federal Government. He said there was no development on the matter to date. “If anyone interested in MM2H, kindly visit www.mm2h.gov.my for more information. “When border reopens, I believe many Hong Kongers would make their way to Penang due to the similarities between both places,” he said while praising Hong Kong actor Philip Keung Ho-man for promoting the state. Story by Edmund LeePix by Muhamad Amir Irsyad Omar

Penang govt, SRS Consortium form JV firm to implement PSR reclamation works

GEORGE TOWN, March 25 — The Penang government will establish a joint-venture (JV) company with SRS Consortium to carry out reclamation works under phase one of the Penang South Reclamation (PSR) project. Chief Minister Chow Kon Yeow said this was following the state executive council meeting which had decided that the reclamation works at Island A will be implemented through a partnership. He said with this announcement, preliminary survey and soil investigation works will start on Monday, March 29, and would take three months. “For implementation via partnership approach, two joint-venture companies will be established, namely project developer and turnkey contractor, wherein the interest of the state government will be represented by Penang Infrastructure Corporation Sdn Bhd. “Partnership shareholding of the state government and SRS is 30:70 and SRS will finance all equity capital and manage the loans needed to fulfil all its obligations in the project development,” he told reporters here today. Elaborating further, Chow said the development of Island A would not be implemented under the Project Delivery Partner (PDP) model but instead a supplementary agreement would be signed to incorporate the changes to the project implementation approach. “The development in Island A would be the economic catalyst for Island B and Island C in the future.” The first phase of the project spans 485.62 hectares out of the total 930.78 hectares of land in Island A, PSR. He said the state government does not need to fork out any fund for the joint-venture company and the implementation of the works was awarded to the turnkey contractor who would appoint Gamuda Engineering for the reclamation works under Phase 1. “The appointment of Gamuda Engineering is as a guarantee that the reclamation works will proceed as planned, including to slow down reclamation works if there is a lack of demand for land in Island A and vice versa,” he said. Under the PSR project, the state government has proposed a development project to reclaim 1,821 hectares of the sea area, including the construction of three islands in the southern area of the Penang International Airport to the waters of Permatang Damar Laut. — Bernama

Reclamation work should start by June, says Penang

PENANG: The state government is committed to implementing the Penang South Reclamation (PSR) project and expects work to start in late May or early June, deputy chief minister Ahmad Zakiyuddin Abdul Rahman said. He said the coastal reclamation work would begin once the Environmental Management Plan (EMP) had been approved. He expected this to be done in May. “The Department of Environment has standard operating procedures and they are professional in their work approach. “There is no reason for us to speculate (that the EMP will be denied),” he said at a news conference after visiting the Island A reclamation site today. The visit covered three locations at Island A, namely where the reclamation work starts, the southernmost part and the westernmost. He said the visit to the first location was to see the distance between the new island and the existing beach area, which is about 300m. The beach will be 4km from the southernmost location of the reclaimed island. Under the PSR project, the state government has proposed the development of a reclaimed sea area of 1,821ha, including the creation of three man-made islands south of the Penang International Airport, in the waters of Permatang Damar Laut.

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Author: Ahdesya

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