Construction of three intra-state highways to alleviate traffic congestion is expected to begin early next year.
Consortium Zenith BUCG Sdn Bhd chairman Datuk Zarul Ahmad Mohd Zulkifli said approvals from the relevant agencies were expected to be obtained by year end.
He also urged local contractors and suppliers to register with the company to provide services.
He made the call to ensure the Ringgit remained in Malaysia under the present economic circumstances and stressed the project would be highly localised.
“We expect to start early next year,” he told a press conference today.
The three highways are part of a mega RM6.3 billion transportation project which also includes an undersea tunnel linking the island and mainland.
The three road projects are the 12km paired-road from Jalan Tanjung Bungah to Teluk Bahang; the 4.6km Air Itam to Lebuhraya Tun Dr Lim Chong Eu bypass; the 4.2km bypass from Gurney Drive to Lebuhraya Tun Dr Lim Chong Eu and a 6.5km undersea tunnel.
The three highway projects are scheduled to be completed between 2018 and 2022, while the undersea tunnel, dubbed ‘Penang Third Link’, is scheduled for completion in 2025.
The projects are funded via land swap of some 44ha of reclaim land in the Tanjung Sri Pinang project.
Zarul earlier signed a MOU with Ewein Zenith BUCG Sdn Bhd of which the latter will undertake a RM800 million gross development value (GDV) project in Tanjung Pinang here.
Dubbed the Wellness City of Dreams, the project includes a wellness mall, resort, hotel and treatment services like anti-aging and aesthetics treatments.
Zarul said Ewein Zenith was appointed by the Domestic Trade, Co-operatives and Consumerism Ministry for the wellness project under the Entry Point Project (EPP) program.
He said the project will provide some 10,000 employment opportunities and boost medical tourism when completed before 2020.
“We want to leave a legacy that benefits the local communities for the long term,” he said at the ceremony witnessed by Chief Minister Lim Guan Eng.