Lim pronounced a projects would be financed through land swaps involving reward genuine estate upon a island. File pic
Touting it as a state government's biggest infrastructure practice to date, Penang Chief Minister Lim Guan Eng pronounced a projects all of that will be conducted via open tender will additionally concede larger entrance between a island as well as a mainland.
The due projects are a third (tunnel) couple joining Gurney Drive to Seberang Perai North District, a side highway joining Gurney Drive to a Tun Dr Lim Chong Eu expressway, a couple between Bandar Baru Air Itam to a same expressway, as good as a interconnected highway to a existing coastal highway from Tanjung Bungah to Teluk Bahang.
"We need a northern couple joining Gurney Drive to Butterworth, to have it simpler for people in a mainland to come to a island, as well as this will ease up overload in further to a dual Penang bridges.
"The estimated costs for this plan will be between RM5 [and] RM8 billion as well as approaching to be finished by 2020," Lim told reporters here.
The Penang CM pronounced a state government will not yield any payments for a projects, as well as that a costs incurred will be recovered through a "competitive land swap" deals with impending companies.
Lim pronounced his administration will yield a rough financial proposal that will include a planned financing make up as good as bids to redeem costs.
"The due land swap will engage a most appropriate budding land in Penang, that is in Gurney... a price of land in Penang will enlarge over a subsequent couple of years, as well as this will good a companies who will undertake a highway as well as hovel proj! ects."
He additionally pronounced his administration was additionally seeking during a probability of conducting a toll complement for a projects once they are completed, though combined this was provisional as well as would rely upon what interested companies had to offer.
A pre-qualification practice lecture for impending companies will be hold in Penang upon Nov 29. Application as well as questionnaire pro-forma forms will be given out then as well as bidders contingency submit a forms by 12pm, January 2012.
Works will tentatively proceed sometime in 2015.
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