RM250mil expansion plans for the NBCT will forge ahead

Property News/ 17 April 2024 No comments


Penang Port Sdn Bhd (PPSB) chief executive officer Datuk Sasedharan Vasudevan said RM250mil would be spent over the next three years.

This follows the development of new industrial parks in Perak, Kedah and Perlis.

“With industrial parks in Padang Terap, Kota Perdana, Sidam and Kulim in Kedah, there is tremendous demand for port facilities in the northern region.

“The northern Perak development, especially in Kamunting, will bring high demand for cargo services too.

“We are also the gateway port for south Thailand, with transhipment of containers between the Bay of Bengal and the Far East.

“Overall, our performance has improved,” he said, adding that the development of NBCT was stalled due to the Covid-19 pandemic.

Sasedharan said PPSB was looking at doing 1.55 million TEUs (twenty-foot equivalent unit) this year compared to 1.44 million TEUs last year, a rise of 11%.

He said the upgrading of infrastructure at NBCT was in line with the 30-year PPC Development Master Plan (2023-2053).

He added that the present infrastructure had a maximum capacity of 2.8 million TEUs, with a trigger point at 2.3 million TEUs, after which, they would need to expand to meet future growth.

On machinery, Sasedharan said two cranes would be bought at a cost of RM40mil each.

“It will take between 18 and 24 months for the cranes to be delivered.

“Another investment will be the purchase of equipment to upgrade the NBCT yard.

“Priority will also be given to IT development, where all port activities are to be seamlessly connected.

“State-of-the-art facial recognition technology was installed at all six Penang ports last year.

“The RM1mil facial recognition digital pass is said to be the first of its kind in an Asian port,” he highlighted.

Uncertain future

NBCT’s expansion has been affected by the 7.2km Penang Undersea Tunnel project.

PPSB has agreed to adjust its earlier plan from seven million TEUs to four million TEUs, and reduce wharf infrastructure to 1km from 2.8km to accommodate the proposed undersea project.

Sasedharan said PPSB was being realistic as port expansion was not something that could be carry out “overnight”.

“The Environmental Impact Assessment (EIA) report for the NBCT development can only be obtained in 2027.

“Once all the approvals are in order, only then reclamation works will begin.

“Since there is no decision from the state on the undersea tunnel or a third bridge, we need to do the planning for the TEU capacity, with and without the projects.

“We can bring up the TEUs to seven million from four million if both projects do not take off,” he said.

When contacted, Penang infrastructure and transport committee chairman Zairil Khir Johari said the state would deliberate on the matter soon.

First proposed in 2011, the tunnel project links Gurney Drive on the island with Bagan Ajam on the mainland.

The project is part of the Penang Transport Master Plan to ease traffic congestion in the state.

Penang Port Commission (PPC) general manager Vijayaindiaran R. Visvalingam said its development master plan was approved by the board following a presentation to the new PPC chairman Datuk Yeoh Soon Hin.

The development master plan prepared by international consultants Roland Berger states that the entire land available is needed for the expansion of NBCT.

It proposes two new berths and container yards to cater to the expected increase in demand.

It also states that three berths will be needed by 2033, with 10 cranes and a container yard of 56ha.

Any expansion of NBCT beyond Phase 2 would intrude into the existing proposed location for the ‘Penang 3rd Link’.

“As such, agreement from various stakeholders would be required prior to the expansion,” the master plan stated.

PPSB is licensed by PPC to operate, manage and maintain all port facilities and services as well as undertake present and future development projects.

The dedicated container terminal at NBCT was completed in 1995.

From a 350m wharf, it expanded to 600m in 1999.

An additional 100m wharf was completed in 2001, followed by another 200m wharf in 2005 including a 520m second access bridge.

Source: TheStar.com.my


SITE PROGRESS: Lucerne Residences (Apr 2024)

Property News/ 16 April 2024 No comments


About Lucerne Residences

The final phase of residential development by Ideal Property Group at Ideal Vision Park in Bayan Lepas. It is just a short drive to Penang International Airport, 10 minutes walking distance to Straits International School. The project will see two blocks of 36-storey skyscrapers featuring a European living concept. It offers 480 residential units with a 5-storey parking podium.

Find out more about Lucerne Residences

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Construction of the Penang Hill cable car project set to begin next month

Property News/ 15 April 2024 No comments

Picture for illustration purposely only

The construction of the Penang Hill cable car project is set to commence next month, or latest by June, as confirmed by Penang Infrastructure, Transport, and Digital Committee chairman Zairil Khir Johari.

Zairil mentioned during a short media briefing, prompted by reporters, that planning permission was secured in January of this year.

“The project received approval alongside both the Environmental Impact Assessment (EIA) and the Social Impact Assessment (SIA).

“Therefore, both the state and the Penang Hill Corporation (PHC) anticipate the project to begin soon,” he said after attending the Raya Carnival held at SK Jalan Residensi today.

Expanding on his earlier remarks, Zairil stressed that the 2.7km cable car project connecting the Botanic Gardens to the summit of Penang Hill would significantly boost the tourism sector upon its anticipated completion within three years.

“It will offer an alternative transportation option to the current funicular railway in Air Itam.

“Moreover, Penang Hill’s food and beverage industry, along with other tourism offerings, stand to reap substantial benefits.

“The estimated commuting time to Penang Hill via the cable car is approximately 10 minutes,” he said

In attendance at the event, Chief Minister Chow Kon Yeow commended the relevant authorities for their approval of the cable car project, as well as for their efforts in advancing various infrastructure initiatives.

“We extend our sincere gratitude to the Federal Government, particularly for their invaluable assistance and unwavering commitment to enhancing the public transportation network within the state.

“We eagerly anticipate the completion of the Penang Hill cable car project, which will provide an alternative mode of transportation to the existing funicular railway.

“As such, we remain dedicated to enhancing the state’s infrastructure projects and fostering the development of Penang for the betterment of its people,” he said.

At the Raya Carnival event, Chow praised the power of embracing the diverse multiracial and multicultural fabric of society as a catalyst for fostering unity.

Source: Buletin Mutiara

Aralia Park

Simpang Ampat/ 15 April 2024 No comments


Aralia Park, a serviced residence development by Palmington Sdn. Bhd. (Tambun Indah Group), situated in the Pearl City township of Simpang Ampat. It is positioned along Persiaran Mutiara 8, neighboring the Palm Garden to its left, with XCL International School behind it, and Pearl City Mall to its right. This marks the third high-rise development undertaken by the same company within the Pearl City township.

This development consists of two towers, each standing 21 storeys tall, offering a total of 359 residential units comprising 2-bedroom and 3-bedroom layouts, complemented by a 50m lap pool. Additionally, it features a 6-level car parking podium and 10 units of 2-storey shop lots at ground floor level. There are 6 different layout types to choose from, with the smallest unit starting at 775 sq.ft. and the largest unit spanning 1,194 sq.ft.

Project Name : Aralia Park
Location : Pearl City, Simpang Ampat
Property Type : Serviced residence
Total Units: 359
Built-up Size: 775 sq.ft. – 1,194 sq.ft.
Land Tenure: Freehold
Indicative Price : RM430,000 onwards
Developer : Palmington Sdn. Bhd. (Tambun Indah Group)

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DISCLAIMER: This article is solely based on research done using publicly available data. This is not an advertisement. Any claim, statistic, quote or other representation about a project or service should be verified with the developer, provider or party in question.

SITE PROGRESS: The Meg @ Andaman (Apr 2024)

Property News/ 13 April 2024 No comments


About The Meg @ Andaman

The first project in Andaman Island, the highly-anticipated prime reclaimed island of Seri Tanjung Pinang Phase 2A by E&O. Features two blocks of 27 and 34-storey serviced apartments with an estimated GDV of RM690 million. It comprises 1,020 residential units with innovative layouts designed to suit young executives and new families.

Find out more about The Meg @ Andaman

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(This information may be used by the developer to initiate follow-up communications with you on the project.)