Penang South Islands creates jobs, tangible state assets and increases social capital

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Bicycles are put before cars in PSI’s development that stresses on green mobility to reduce carbon emissions.From the Penang Infrastructure CorporationTime and again we have been allaying misconceptions regarding Penang South Islands (PSI). Penang and its people will gain from the tangible returns and social capital from PSI that will be disproportionately high to the investment in the form of innumerable benefits.Penang stands to gain enormously from the PSI project. The reclamation work of Island A alone will inject RM7 billion in domestic investment while generating thousands of new job opportunities in Penang.Foreign direct investment (FDI) inflow into the three completed islands is estimated at over RM70 billion, and the ensuing gross domestic product (GDP) contribution and job creation estimated to be RM100 billion. There will more than 300,000 jobs respectively where at…