Why we should kiss the RM46bn ‘PTMP’ goodbye

Why we should kiss the RM46bn ‘PTMP’ goodbye - Hello loyal readers FeedGoogle, In the article you are reading this time with the title Why we should kiss the RM46bn ‘PTMP’ goodbye, We have prepared this article well for you to read and take information in it. hopefully the contents of the post Article Malaysians, what we write you can understand. Alright, happy reading.

Anil Netto explains why a sustainable mobility plan should replace the ill-fated reclamation-driven “transport plan”. The coronavirus pandemic has given us some space to reflect on the so-called “Penang Transport Master Plan” – in reality, a developers’ plan to reclaim three islands in the name of providing extravagant transport infrastructure for Penang. The idea was that the state government’s sale of reclaimed land would raise funds to finance the RM46bn transport infrastructure proposed by SRS Consortium. The consortium is 60% owned by construction giant Gamuda with two Penang-based developers controlling 20% each.

The 4,500-acre three-island project in Penang was supposed to house over 446,000 people, most them in expensive homes. Many of them would probably have been foreign buyers, likely from China. Reality check: foreign buyers, themselves reeling from the pandemic and a…