GEORGE TOWN: Penang Port Commission (PPC) is unlocking its land bank of approximately 100ha on the island and mainland, many plots of which might be a top actual estate that it has been amassing since 1956.
Estimated to be worth over RM500mil now, they consist of sprawling colonial mansions and vacant land in George Town and Butterworth.
PPC chairman Jeffrey Chew Gim Ean said the fee was determined to unlock its land bank for initiatives that could benefit Penang Port and the nation.
To start the ball rolling, he stated PPC had issued requests for proposals (RFP) for 3 pieces of top assets. The former Tanjung City Marina is the first asset after the island’s ferry terminal alongside Weld Quay.
Chew stated PPC welcomes any birthday party, including foreign agencies, to advise what they can do on the deserted marina, which has approximately 2ha of land and 5ha of water floor.
“We are prepared to offer a 30-year lease for the employer with an excellent thought.
“The improvement should complement the cruise tourism of Swettenham Pier and heritage value of George Town,” he said, adding that the plot plus water surface has a gross price of up to RM90mil.
When it opened in 2007, the jetty should hold one hundred forty yachts and different boats. Still, it became exposed to the currents of the funnel-shaped northern cease of the Penang channel and hard waves, which eventually tore the floating pontoons apart. It was abandoned in 2011.
Chew stated that with the right era, infrastructure, and wave breaker, the jetty will be redeveloped into a sheltered berthing region to attract international yachts.
“There are few locations within the international where you could berth your yacht and walk into a vibrant historical past town. This will carry to Penang, a move of excessive internet well-worth site visitors.
“We want human beings to come in and make certain this is the need they want to do and devote 100% to it,” he said.
Chew stated PPC changed into also comparing a grasp plan to develop the six godowns alongside Weld Quay.
“We need to expand it consistent with history compliance to cope with a number of the problems that vacationers face, which include parking and traffic jams.
“We will display it after the assessment is completed,” stated Chew.
The second piece of assets on RFP is its former sports clubhouse on Anson Road near Padang Brown.
This 6,110sq m land is likewise presented with a 30-yr lease, and it is zoned as institutional land, making it suitable for developing a health center, university, or comparable institutions.
PPC is ready to hire its 1.8ha vacant land along with Jalan Chain Ferry in Butterworth, after SK Convent Butterworth and simply 600m from Penang Sentral.
Chew said PPC might name proposals for different plots it owns, including inside the Batu Ferringhi tourism belt.
The RFP document can be purchased for RM1,000 at PPC’s workplace on Level Two, Swettenham Pier Cruise Terminal, from now until April 12. Call PPC at 04-2633211.
Additional information on the RFP name changed into advertised in The Star’s advertisements phase the day before today.