Sunday 20 January 2013

Gov't disapproves RM75b Balik Pulau project


By Farah Wahida:

The state government has refused approve the proposed RM75billion mega development project in Balik Pulau as many Penangites expressed their disapproval over the project, reported The Malay Mail.
According to several Penangites, the massive scale plan of the project would have a great effect in Malaysia’s fragile ecosystem and would affect Balik Pulau’s surroundings.

“Thank goodness the project was not approved. You cannot build something like this. It will never work. The environment is too fragile for a project this big. I love the earth and would not like to see it destroyed,” said 28-year-old Fadila.

Another resident, 30-year-old C.S Ngui said the project would affect the environment, adding that the scale of the project would cost much for an offshore development.

“Unlike the Iskandar project in Johor where land was only rezoned, this is actually an island by itself with oil and gas industries. Where would the material come from? Would it be another Lynas?” he said.

The proposed 2,833ha offshore development would have featured residential areas, hotels and schools as well as oil and gas R&D labs, electrical and electronic industries, government office and an artificial beach.

Al-Cube Sdn Bhd proposed the project to the state government in October last year, on behalf of its Hong Kong and Malaysian investors.

Moreover, investors have pulled out of Penang following negative comments on the proposed development.

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