We’ll apply for funds for PTMP only after PSR approval, says Chow

Penang Chief Minister Chow Kon Yeow hopes the Penang South Reclamation project will be approved soon.

GEORGE TOWN: The state government will apply for an allocation to implement the Penang Transport Master Plan (PTMP) from the federal government once the Penang South Reclamation (PSR) project is approved, Chief Minister Chow Kon Yeow said today.

He said the state government was waiting for the Department of Environment to approve the PSR project.

“The Land Public Transport Commission (APAD) has laid down a very important condition for us to comply with. We have to secure the PSR first before they can give us approval for the railway scheme. So without PSR, we will not even get the LRT approval because these are all connected.

“We did not submit the application earlier because there is still a big question mark on whether we will get the approval for PSR,” he said after handing out aid to schools today.

Chow said he hoped the PSR would be approved soon as it would have a positive impact on the overall economic development of the country, apart from its role in financing the infrastructure costs of state government projects as well as future land development investments.

“My main reasoning (for the approval) to the National Physical Planning Council is that the PSR project is important to expand the electrical and electronics (E&E) sector.

“The total investment for the E&E sector in Penang accounts for 42% of the foreign direct investment in Malaysia. That’s how important the E&E sector is to Penang and Malaysia,” he said.

Chow said the LRT project under the PTMP will be headquartered on one of the three islands in the PSR project and, once approved, will open space to project delivery partners to make further plans

He welcomed Finance Minister Lim Guan Eng’s statement that the federal government was ready to assist the state government in implementing PTMP, as well as Economic Affairs Minister Azmin Ali’s commitment to further strengthen cooperation between the state and federal governments.

At the function, the state government distributed RM3 million in aid to 170 government schools in the state.