Light Rail Transit

Penang mulls avenues to fund LRT ops under TMP

Date of Release: 
Jan 18 2016

GEORGE TOWN: The Penang state is mulling various avenues to finance the operation of the rail system that forms part of its Transport Master Plan (TMP), among which is the set-up of a revolving fund with recurring rental revenue from property leasing once its planned 3,000-acre (1,214ha) land reclamation in the south of the island to finance the construction of the RM27 billion TMP is completed.

Syndicate content