Incorporated on 9 July 2020, Penang Infrastructure Corporation Sdn Bhd (PIC) is the special purpose vehicle set up by the Penang Government to spearhead the implementation of the Penang South Island (PSI) development and the Penang Transport Master Plan (PTMP).
To ensure Penang’s development as a leading state, PIC’s vision is to build resilient developments and transport infrastructure, namely PSI’s Silicon Island and PTMP components that are currently underway – the Pan Island Link 2A highway and the Ayer Itam – Tun Dr Lim Chong Eu Expressway Bypass (Package 2).
PIC board members are the Rt. Hon. Penang Chief Minister Chow Kon Yeow, Deputy Chief Minister I YB Dato’ Dr Mohamad Bin Abdul Hamid, State Secretary YB Dato’ Hj. Rosli Bin Isa, State Infrastructure, Transport and Digital Committee chairman YB Zairil Khir Johari, Pulau Tikus assemblyman YB Joshua Woo, PIC Chief Executive Officer Dato Seri Hj. Farizan bin Darus, Umno Supreme Council member and Bukit Bendera division chief Datuk Seri Hj. Ahmad bin Ismail, and Byggmax Sdn Bhd director Tuan Mohd Saifullah bin Abdul Nasir.
Silicon Island’s reclamation is now being implemented by project developer Silicon Island Development Sdn Bhd. PIC’s
subsidiary, PIC PD Sdn Bhd holds a 30% ownership of the company while SRS PD Sdn Bhd owns 70%.
Helming PIC operations as Chief Executive Officer is former State Secretary Dato’ Seri Farizan Bin Darus, who brings with him 36 years of experience in the civil service.
PIC’s vision is to build resilient development and transport infrastructure to position Penang as a leading state through PTMP components that include the Bayan Lepas Rail Line, Pan Island Links, Penang Major Roads and Third Link, and the reclamation of the Penang South Islands (PSI).
The Penang South Islands (PSI) is the state government's strategic transformative development plan that will reconstruct the sleepy southern coast into a Smart City and word-class tourist destination.
Strategically located near the Penang International Airport, the Second Penang Bridge, the Bayan Lepas free industrial zone (FIZ), education institutions Universiti Sains Malaysia, the Collaborative Research in Engineering, Science and Technology Centre (CREST), and the Penang Skills Development Centre (PSDC)...
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Sebagai sebuah pelan transformasi pembangunan strategik, Penang South Islands (PSI) akan membawa perubahan kepada selatan Pulau Pinang, dan menjadikan kawasan tersebut sebuah bandar raya pintar dan destinasi pelaburan serta pelancongan bertaraf dunia.
Dengan lokasi strategiknya yang berhampiran dengan Taman Perindustrian Bebas Bayan Lepas yang telah mewujudkan sebuah ekosistem yang mempunyai 300 syarikat multinasional dan 3,000 perusahaan kecil dan sederhana (SME) serta infrastruktur yang baik; PSI akan menarik pelabur baru dan mengekalkan pelabur sedia ada yang ingin mengembangkan operasi mereka di sebuah lokasi yang mempunyai persekitaran yang sesuai untuk hidup dan bekerja.
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GEORGE TOWN: Works on the first project under the state's highly ambitious Penang Transport Master Plan (PTMP) — the Tun Dr Lim Chong Eu Expressway - Air Itam bypass — have started and achieved eight per cent progress.
The 6km bypass, to be built at a cost of RM851 million, is expected to be completed in 2025.
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