before i get to the main point of the thread, let's have a little recap of what's the Gurney Drive Reclamation was all about:-

Penang unveils plans for new Gurney Wharf waterfront



Then, a few months ago we get an update the the reclamation project was nearly finished:-

Jagdeep: Gurney Wharf good example for PSR reclamation






But then hor, yesterday we get this announcement:-

Ewein, Consortium Zenith to jointly develop land in Penang



aiseh, didn't see any mention of residential developments 3 years ago geh. and wasn't the land supposed to be given to the government to use? so fast sell off to developers liao ah?

tl;dr reclaimed land supposed to be for low-rise retail + park, now become housing development pula

ttl;dr did we just kena kencing again


edit: oh my bad so they actually got mentioned before back in 2016 that there will be hotels and suites just in front of Gurney Plaza

Mega project plans for reclaimed Gurney Drive



then apa ni, why gomen put so much money to make roads for the project when they don't even have a stake in it??

Penang government told to come clean on RM9bil state funds pumped into development project



This post has been edited by incubus_skj: Dec 4 2019, 01:57 PM

All project is for profits. Either for money or public opinion. There is no free stuff.

nak kencing pun janganlah kencing begitu kuat

say one thing do other thing, mana boley ini machiem

Penang government told to come clean on RM9bil state funds pumped into development project



By Audrey Dermawan
October 3, 2017 @ 8:37pm

GEORGE TOWN: The Barisan Nasional Strategic Communications (BNSC) team has demanded that the state government come clean as to why a private property developer has a stake in a RM15 billion project and not state-owned Penang Development Corp (PDC).

BNSC deputy director Datuk Eric See-To Choong said questions are being raised with many asking why the state government had not allowed the PDC to have a stake in the Wellness City of Dreams project, especially since the project is being built on state land.

He said, as widely reported, the state government is spending RM9 billion of state funds to help ensure the success of the Wellness City of Dreams project.

See-To also provided links as proof of the various projects announced by the state government such as the Gurney Wharf project, the eight-lane road in front of this development along Gurney Drive that will cost between RM300mil to RM400mil, and the 19.5km Pan Island Link highway that will connect this development to the Penang International Airport in a project that will cost RM7.5 billion.

"Questions have been raised as to why the Penang government is seemingly benefitting a 100 per cent private property developer and not PDC," he said in a statement today, adding that PDC has seen its profits and cash reserves plummet in recent years, so much so that it needed an emergency RM609 million soft loan from the state government early this year.

See-To claimed that his sources had provided him with information that showed the state government allowing the Penang Tunnel Special Purpose Vehicle (SPV) company to pre-sell 50 acres of state land on Gurney Drive for RM2.83 billion to the listed company.

"The ceremony was witnessed by Chief Minister Lim Guan Eng, in which the sale forms part of the Wellness City of Dreams project.

"This project, which will be 100 per cent privately owned in a joint venture between the listed company and the Penang Tunnel SPV company, was announced to have a GDV of RM15 billion," he added.

See-To said the Penang government had, over the past months, was unable or afraid to reply to his past statements on the controversial Penang Tunnel project.

"Many Malaysians find this surprising as the DAP-led state government had said they practice transparency and would normally be quick to defend, but this time round, such questions on a RM6.34 billion project using public money, has been met with deafening silence.

"Nevertheless, I will continue to ask DAP questions even though they are unable or afraid to answer," he said.

https://www.nst.com.my/news/nation/2017/10/...ped-development

basically state government giving out the land for free, while the projects still in infant state

This post has been edited by ekoh: Dec 4 2019, 01:39 PM

If you ask me, project can give return investment in both area.

Public opinion for votes and money for income. Both is considered profit by politician, as public donation does.

ah thanks! so that part was where the project is supposed to be... directly in front of gurney plaza. lol

Really kecian the owners of the shops along Gurney Drive.

On the ground we know this project is used to enrich certain cronies and enterprise loyal to DAP. Just cause its DAP we should not turn a blind eye, in this case its goods that BN highlighted it.

We should promote more check and balance, i hope more penangites will be more vocal and question more on this. Let DAP know, we are not fools and politicians are public servant that should work on behalf of citizen and not to enrich their friends and families.

This one is classic songlap project.

The Federal govt and state govt is the one which is financing all the Gurney Wharf, Gurney drive road expansion and the PIL highway while the 100% privately owned company gets to do their RM30 billion GDV project on land given to them by government.

Government got zero share in the private company but have to foot the tens of billions cost for the projects that fully enhances the value of the private project.

*The leaked MACC investigation papers for the tunnel project contains a witness statement from the project owner who put in writing saying that Nobita is given 10% share in his project*

This post has been edited by Roblox Malaya: Dec 4 2019, 01:46 PM

sounds like you know more about the developers

*The leaked MACC investigation papers for the tunnel project contains a witness statement from the project owner who put in writing saying that Nobita is given 10% share in his project*

Until now all the investigation papers still at AGC since February 2018. Case is not closed but also not charged.

That is what MACC statement said few months ago.

Not quite sure what you mean but isnt the "wellness city of dreams" project already made public since they announce the gurney wharf project? Its located beside the said "park and beach" area.

https://www.nst.com.my/news/2016/03/131803/...ed-gurney-drive

adoi i missed this piece of news ka

You dint missed, i think all along what. We know ewein stake in it.

But then no people question, DAP what. Malaysian adored politician you know. With position come power and influence.

I agree... Masa bn dap keep on ask for transparency....

Now quiet quiet? Assmin please send your attack dog investigate this

ya also . ok i won't question our adored gomen liao

lol build more luxury super condos that foreigners buy for investment but at night look up and all the units are dark... seriously fuck this trend