PENANG, 2 Sept 2008: The Penang Global City Complex (PGCC) has not been approved as the developer had failed to submit its layout plans, said Penang Chief Minister Lim Guan Eng.
"The PGCC is dead," he told a press conference here today.
The PGCC, with an estimated gross development value of RM25 billion, was earmarked for a 104ha plot where the Penang Turf Club currently stands. The developer is Abad Naluri Sdn Bhd, an associate company of Equine Capital Bhd.
"When we took over the government on 8 March, we hoped they (the developer) would observe the law and regulations. When they failed to submit the plans, how can we expect them to observe the law and regulations," said Lim.
He said the project comes under the scrutiny of the Penang Municipal Council and the government was kept informed about its status from time to time.
Lim also announced the appointment of Wan Zailena Nordin as InvestPenang general manager.
The post replaces the InvestPenang chief executive officer and chief operation officer positions.
Wan Zailena was involved in the formation of InvestPenang in 2005 and was its CEO until March last year. – Bernama