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Major Infrastructure Projects in Penang.

Major Infrastructure Projects in Penang.

Old Apr 8th 2015, 7:20 am
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Default Major Infrastructure Projects in Penang.

When they start there'll be lots of noise and dust I guess.

http://www.apartment-penang.com/2015...nt+Penang)&m=1

RM800mil GDV for Ewein’s project in Penang


The first property project on land alienated in relation to Penang’s massive highway and traffic mitigation venture will have a gross development value of RM800mil.

Ewein Bhd and Consortium Zenith BUCG Sdn Bhd will undertake the mixed development project on 3.67 acres in Bandar Tanjong Pinang.

In a filing with Bursa Malaysia yesterday, Ewein said that it was expected to start in the second half of this year.

Yesterday, the Penang Island City Council approved the building plans for the development on the parcel of land alienated to Ewein Zenith, a 60:40 joint venture between Ewein and Consortium Zenith.

The parcel forms part of the 110 acres of freehold land to be alienated by the Penang government to Consortium Zenith or its nominees as partial payment for construction works on the RM6.3bil mega project which includes a 6.5km undersea tunnel. Consortium Zenith is also allowed to collect toll for the undersea tunnel for 30 years.

Ewein did not reveal the specifics of the proposed development in its announcement yesterday, but it did mention broadly in a circular to shareholders dated June 12, 2014, that the development would be a combination of residential and commercial units.

The circular to shareholders named the consortium’s shareholders as Datuk Zarul Ahmad Zulkifli’s Zenith Construction Sdn Bhd with a 99.94% stake, China state-owned Beijing Urban Construction Group (BUCG) (0.02%), niche contractor Juteras Sdn Bhd (0.02%) and Sri Tinggi Sdn Bhd (0.02%). Past press reports had assigned different equity stakes to the consortium members, including a 10% stake each for BUCG, Juteras and Sri Tinggi.

Ewein Bhd, via unit Ewein Land, will pay RM79.8mil to Consortium Zenith for the 3.67-acre land that has been valued at RM133mil (equivalent to 60% of the land value).

This marks the first property development project undertaken by Ewein, whose core business is precision and fabricated sheet metal manufacturing.

On the rationale for the diversification, Ewein said it was to mitigate any risk of dependency in its core business that fell within the electronics industry, “a competitive and rapidly evolving industry.”

The company said its proposed joint venture with Consortium Zenith was expected to result in a diversion of more than 25% of the net assets of the group to the property development business.

According to the circular, the group envisaged that profit would be shared in accordance to the respective shareholding percentages of Ewein Land and Consortium Zenith in Ewein Zenith.

Consortium Zenith was awarded the feasibility studies and detailed design works for Penang’s largest infrastructure project following an agreement inked with the Penang government in October 2013. The project comprises a RM6.3bil integrated road transport and traffic mitigation project comprising a 6.5km undersea tunnel, a 4.2km bypass from Gurney Drive to Tun Dr Lim Chong Eu Expressway, a 4.6km bypass between Tun Dr Lim Chong Eu Expressway and Bandar Baru Air Itam, and a four-lane 12km road from Jalan Tanjung Bungah to Teluk Bahang. - By The Star

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Old Apr 8th 2015, 9:25 am
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Default Re: Major Infrastructure Projects in Penang.

Interesting post Colombine - is there a roadmap of these improvement anywhere?
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Old Apr 8th 2015, 10:30 am
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Default Re: Major Infrastructure Projects in Penang.

Penang Undersea Tunnel

Found this link, Click on the different phase and the proposed location ;-)


This is from an earlier link by the company and mentioned slightly more details for the areas in STP and Gurney.
http://www.zenithbucg.com/#!Zenith-p...A-A19F1E8BF33C

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Old Apr 8th 2015, 12:39 pm
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Default Re: Major Infrastructure Projects in Penang.

Well done on finding the links Columbine

I know there was another detailed plan knocking about showing the man made islands etc offshore. Think that was on my2home wasn't it?
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Old Apr 8th 2015, 12:46 pm
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Default Re: Major Infrastructure Projects in Penang.

Yes, great post - thanks Columbine
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Old Apr 8th 2015, 2:10 pm
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Default Re: Major Infrastructure Projects in Penang.

You're welcome ;-)
Found more interesting mappings of the E&O Phase 2 and Gurney Reclaimation Plans!
Click on the picture and you get a series of plans!
http://thedevelopmentadvisor.com/new...d-reclamation/

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Old Apr 8th 2015, 2:30 pm
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Default Re: Major Infrastructure Projects in Penang.

Wow, that's......frightening!
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Old Apr 9th 2015, 9:22 am
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Default Re: Major Infrastructure Projects in Penang.

Not sure if big condos can be included in "major infrastructure" but I'll include in this topic.

Two big 'uns got approval this week.

City of Dreams.
Think we discussed this over and over on the Other Place some time ago, and wondering if it was someone's imagination, and much discussion as to where exactly this was supposed to be, but..... seems it has now been approved. You can check out this link below which includes a location map.
City of Dreams | Penang Property Talk
Looks like it's going to be on the land at the far end of the E&O site. On that nice bit of mangrove swamp I think Hmmmm.....
I hear that some Seri Tg Pinang residents are not too happy about it. I imagine that Marina Bay residents might be a bit miffed too, if it's where I think it is.

T'other one is in Tanjung Bungah. And that got approval today apparently. Not sure it has a name yet but it's by BSG property. A 50 storey condo with 2 towers and also a 49 storey condo....and.....and.....34 storey low-medium cost apartments. Good grief.
Check out this link:
UPCOMING: Tanjung Bungah / BSG Property | Penang Property Talk
Looking at the location map on the link, seems to be just around the corner from the Straits Mini Market. Reckon Andrew the owner will be rubbing his hands with glee.....all those potential customers.
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Old Apr 9th 2015, 11:51 am
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Default Re: Major Infrastructure Projects in Penang.

Strange that all this is done in such secrecy - even now it's not at all clear where City of Dreams will be located as the link you have provided, BB, is a couple of years old now. In my view it's certainly better to rent in Penang since the sea view tends to keep disappearing.
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Old Apr 9th 2015, 12:19 pm
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Default Re: Major Infrastructure Projects in Penang.

Ha yes..one of the advantages of renting for sure.

I'm not totally sure where the site is to be honest....just guessing by looking at the location map. There was some mystery to the City of Dreams previously. I think E&O swapped some land. Maybe others might know?
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Old Apr 9th 2015, 1:19 pm
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Default Re: Major Infrastructure Projects in Penang.

The govt wants the undersea tunnel. This local developer teamed up with a China company to build the tunnel. But Pg doesn't have the money, so they gave the company some land to build City of Dreams; E&O is to give tht company some part of the reclaimed island and the reclaimed part over at Gurney is for the govt.
There is a L shaped reclaimed piece of land that was given to the govt in Phase 1 of STP, this L shaped piece of land is at the edge where the E&O land ends and bordered by the mangrove. My friends who live in the semiDs near that end of STP are not happy at all, they said City of Dreams will be looking over their fences! They have approached E&O but all complaints fell on deaf ear. Looks like lots of swapping around as means to an end!

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Old Apr 10th 2015, 7:00 am
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Default Re: Major Infrastructure Projects in Penang.

Originally Posted by bakedbean
Not sure if big condos can be included in "major infrastructure" but I'll include in this topic.

Two big 'uns got approval this week.

T'other one is in Tanjung Bungah. And that got approval today apparently. Not sure it has a name yet but it's by BSG property. A 50 storey condo with 2 towers and also a 49 storey condo....and.....and.....34 storey low-medium cost apartments. Good grief.
Check out this link:
UPCOMING: Tanjung Bungah / BSG Property | Penang Property Talk
Looking at the location map on the link, seems to be just around the corner from the Straits Mini Market. Reckon Andrew the owner will be rubbing his hands with glee.....all those potential customers.
If enough people complain with legitimate reasons the higher power might listen and consider a modified plan?

Council to discuss residents’ concerns with high-rise developer - Community | The Star Online

Published: Friday April 10, 2015 MYT 12:00:00 AM
Updated: Friday April 10, 2015 MYT 8:10:20 AM
PENANG Island City Council (MBPP) will hold discussions with the developer of a high-rise project in Tanjung Bungah to reduce the number of levels of the building.

Mayor Datuk Patahiyah Ismail said even though the MBPP had already approved the housing project, it would still hold talks with the developer’s consultant.

She said this was because many residents in Tanjung Bungah had voiced their concerns about the building’s height.

She added that the council had approved the project as it had fulfilled the building guidelines and requirements.

Patahiyah was commenting on a recent news report in which Tanjung Bungah residents voiced their concerns over the proposed development which was expected to cause traffic congestion in the area.

Desa Embun Emas Apartments Council chairman George Lee had said the residents foresaw an additional 2,000 cars in the vicinity based on an estimation of two cars per household.

Speaking during her monthly press conference with the media in Komtar, Patahiyah said four units under the previous Penang Municipal Council (MPPP), would now have their status upgraded to departments.

The new departments will be the Landscape Department, Heritage Department, Enforcement Department and Solid Waste Management and Public Cleanliness Department.

She explained that the upgrading was needed to cater for the demands that came with the new status of the MBPP.

Patahiyah also said that MBPP had hired an additional 388 staffers for the new departments, bringing the total to 3,964.

MBPP secretary Ang Aing Thye who was also present, said the hiring of extra staff involved an additional expenditure of about RM12
mil annually for their sala-ries.

Patahiyah said the Heritage Department would work closely with the George Town World Heritage Incorporated (GTWHI) to handle heritage-related mat-ters.

“Currently, our Heritage Department is working with the GTWHI to identify heritage buildings out of the core and buffer zones.

“We’re still fine-tuning the list and we expect it to be completed by end of the year,” she added.

Patahiyah also said the council would hold a press conference in Komtar on every second Tuesday of the month, as well as after the full council meeting, which usually falls on the last Friday (subject to changes) of the month.

“We will address issues during the press conferences. The heads of departments will be around to answer questions too,” she said.

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Old Apr 10th 2015, 3:58 pm
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Default Re: Major Infrastructure Projects in Penang.

Originally Posted by columbine
If enough people complain with legitimate reasons the higher power might listen and consider a modified plan?
Is this really what you want for the long term though?
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Old Apr 10th 2015, 4:39 pm
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Default Re: Major Infrastructure Projects in Penang.

Originally Posted by Twixy
Is this really what you want for the long term though?
I don't think the developers will slow down in acquiring land and building more high rise. At least the residents of Tg Bungah got the attention of the govt to pause for a review of the number of storeys and impact on traffic.
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Old Apr 14th 2015, 1:04 pm
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Default Re: Major Infrastructure Projects in Penang.

These new highways which really are needed (maybe not the tunnel yet)

Its a pity the old Scott MM2H site went as that had some very good links, & unlike many of the other information it was not outdated.

Of great interest is the north coastal highway through BF to TB, to my knowledge the intended route has never been actually surveyed by any recent company that would be carrying out the work, nor has that survey then been submitted or approved ?

The other day in my letter box was a brochure for "Botany Bay" again overlooking the Andaman Sea (from Penang island?) tracing their location out it seems to be behind the Shamrock beach area, I thought that area was jammed with condos, as the brochure shows a nice place surrounded by lush jungle Mmm, anyway I guess the that developer will have to build his customary few hundred metres of dual carriage.
way ?

The new high rise Marin condo going up (well ground work) which is located about 300 metres behind the Shangrila they seem to show the new proposed highway somewhere else ?? ( not a good selling point I guess)
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