Penang to Launch Pre-Qualification Process, RFP for Bayan Lepas LRT Project

0

GEORGE TOWN (June 3): The Penang State Government will conduct a pre-qualification process for the Bayan Lepas Light Rail Transit (LRT) component project in the second quarter of this year, followed by an application process for proposals (RFP) in the third quarter.

Chairman of the Penang Infrastructure and Transport Committee, Zairil Khir Johari, said the pre-qualification process involves identifying interested and qualified companies and inviting them to submit their proposals.

“The state government will nominate the most qualified and suitable company to implement this component. In addition to technical proposals, companies participating in the tender are also required to propose financing models for the implementation of this SLR component.

“For example, bidders can offer recoupment methods such as development rights, land swap, advertising and tariff box revenue,” he said, responding to an oral question from A. Kumaresan (PKR-Batu Uban) on the progress of the latest LRT construction project at the State Legislative Assembly sitting here on Friday (June 3).

He said the state government would also continue to seek allocations from the federal government under the third rolling plan of Malaysia’s 12th plan to implement the project to address traffic congestion issues in the state.

Zairil said that so far the Bayan Lepas LRT project has gotten the green light from technical agencies such as the Ministry of Environment as well as PLANMalaysia, noting that it is in the process of submitting the impact assessment. Environmental Assessment (EIA) for the construction of the LRT alignment above the Penang South Reclamation (PSR) project including a depot on Island A of the PSR.

The Bayan Lepas LRT component is one of the key elements of the Penang Transport Master Plan (PTMP) and is a long-term strategy to address traffic congestion issues in the state, he added.

Responding to Kumaresan’s further question regarding what would happen if the federal government rejects the application, Zairil said the state government is not entirely dependent on government allocations to implement the project.

“That’s why we are going to launch a tendering process this year where we invite companies to propose other financing models. The state government will proceed with the plan based on what we have,” he said.

Subscribe to our Telegram channel for the latest stories and updates.

Do you like our content? Check out Narratives – where we curate topic-based stories to keep you well and broadly informed about Malaysian real estate.

Looking for property ? Check out Location Scan, where we summarize all the options available and the facts you need with just a few clicks. We have updated the tool to also include MRT3 stations.

Curious about how much you can borrow? Use LoanCheck to get your maximum loan eligibility from various banks, or LoanReport to get a FREE CTOS/CCRIS credit report.

Share.

Comments are closed.