By Farah Wahida:
A proposed RM75billion mixed project off the coast of Balik Pulau, Penang has not yet been approved since a project of this scale requires permission from the federal government, reportedThe Sun Daily.
According to Chief Minister Lim Guan Eng, the local authorities have no obligation to give the green light to the project even as the proposer had already engaged with non-governmental organisations (NGOs) and spent money on site visits.
“Even if the approval is granted by the federal government, we (the state government) reserve the right to give the approval,” he said in response to the report about a proposed 2,833ha project about 5.5km off Kuala Sungai Pinang.
Notably, a Malaysia-Hong Kong joint venture plans to build a mixed project featuring oil & gas facilities, hotels, schools, offices and residential units, all of which will be built on stilts in the next 10 years.
The scale of the proposed development surpasses that of the axed RM25billion Penang Global City Centre (PGCC) at a 104ha site near George Town.
A proposed RM75billion mixed project off the coast of Balik Pulau, Penang has not yet been approved since a project of this scale requires permission from the federal government, reportedThe Sun Daily.
According to Chief Minister Lim Guan Eng, the local authorities have no obligation to give the green light to the project even as the proposer had already engaged with non-governmental organisations (NGOs) and spent money on site visits.
“Even if the approval is granted by the federal government, we (the state government) reserve the right to give the approval,” he said in response to the report about a proposed 2,833ha project about 5.5km off Kuala Sungai Pinang.
Notably, a Malaysia-Hong Kong joint venture plans to build a mixed project featuring oil & gas facilities, hotels, schools, offices and residential units, all of which will be built on stilts in the next 10 years.
The scale of the proposed development surpasses that of the axed RM25billion Penang Global City Centre (PGCC) at a 104ha site near George Town.
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