Penang’s LRT And PIL 1 To Start Works Next Year

9 Apr 2019

Construction works for Penang’s light rail transit (LRT) line and the 19.5km Pan Island Link 1 (PIL 1) are slated to commence in June 2020. Both projects are components of the RM46 billion Penang Transport Master Plan (PTMP).

“We can expect construction work for both projects to start in June 2020,” said sources as reported The Star.

READ MORE: Why not check out these other popular transit-oriented developments too?

The LRT line will comprise cable cars, a monorail link and water taxis, while the PIL highway project will connect Gurney Drive to the Penang International Airport.

The LRT line will start from Komtar within the island’s northeast corner and end at Island B, which is one of the three man-made islands that were proposed under the Penang South Reclamation Scheme (PSR).

The sources noted that approval to create the three man-made islands will likely be given before the end of this month.

The state government has appointed the SRS Consortium, which is a 60:20:20 joint venture between Gamuda, Loh Phoy Yen Holdings and Ideal Property Development, as the project delivery partner.

“The tender to reclaim the island will be out in the third quarter of this year,” said sources.

“Island A will house industrial and residential projects…There will be industrial lots developed for sale to foreign and local investors to generate funds for the PTMP projects.”

Island B will house the commercial properties and state administrative offices, while Island C will feature residential properties.

SRS Consortium is expected to raise RM46 billion from the sales of the man-made islands.

“About 75% of the 1,821ha will be for sale. The sale of the industrial lots has generated a lot of enquiries,” added the source.

“Some 30% of the enquiries received so far is for the industrial land.”


Let us help you determine your eligibility and how much the banks will loan you using our ‘Home Loan Pre-Approval’, with a 99.9% accuracy! Click here.


You may also like these articles

After Long Wait, Penang PPR Applicants Offered Various Housing Options

The Penang state housing department has called in more than 22 applicants on the people’s housing project (PPR) waiting list to offer them various options including rent-to-own schemes. One of them

Continue Reading6 Mar 2019

Penang To Roll-out More Rent-To-Own Schemes

In a bid to address the increasing number of applicants for affordable homes, the Penang state government eyes to introduce more ‘rent-to-own’ schemes. This comes after all 999 units under the Pe

Continue Reading11 Mar 2019

Penang Eyes To Build Another Airport

Penang eyes to build a second international airport to support the increase of passengers at the current Bayan Lepas airport.In fact, the state is in the process of identifying strategic locations for

Continue Reading14 Mar 2019

Penang’s Property Market Growth To Remain Flat This Year

A real estate consulting firm expects growth in Penang’s property market to remain flat this year, on the back of the market’s wait-and-see attitude and unpredictable economic outlook.Fook Tone Hu

Continue Reading29 Mar 2019