Billions will be lost if Penang South Reclamation project scrapped, says govt

[superadmin]

GEORGE TOWN: “Tens of billions” of ringgit in investments will be lost if the Penang South Reclamation (PSR) project is cancelled, the state government said.

Executive councillor Zairil Khir Johari told the state assembly today that although the state would not suffer much financially if the project involving three artificial islands was scrapped, the prospects for Penang’s growth would be bleak.

Zairil said the PSR project was primed to be the home for high-tech industries and a springboard for future investments in the state.

He said the three islands would be raised by 3m to avoid rising sea levels, with drains to channel rainwater even if this increased by 30% as a result of climate change.

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