RSSSix companies have been shortlisted as potential project delivery partners in the US$7.5 billion Penang Transport Master Plan (PTMP), which is to be rolled out in stages from 2017.
The plan aims to resolve traffic woes in the state, especially on the island. It involves massive infrastructure works and a comprehensive public transport system incorporating light rail transit, trams, buses and catamarans, expanding roads and building new highways. It also includes five new intra-state highways and an undersea tunnel to link the island and the mainland.
Two are foreign consortiums and three are local public-listed companies. The state has appointed consultancy firm1981 KPMG to lead the evaluation of the bids and plans to make a decision by May.
The plan aims to resolve traffic woes in the state, especially on the island. It involves massive infrastructure works and a comprehensive public transport system incorporating light rail transit, trams, buses and catamarans, expanding roads and building new highways. It also includes five new intra-state highways and an undersea tunnel to link the island and the mainland.
Two are foreign consortiums and three are local public-listed companies. The state has appointed consultancy firm
