The difficulty in securing a federal bridging loan of RM1bn makes this a timely occasion to reiterate the colossal financial obligations involved, says Penang Forum.
Everyone wants the traffic congestion in Penang to be reduced. We want it as soon as possible.
Perhaps the complication in the Penang state government’s plan in securing federal bridging loan financing for phase one of the six-lane Pan Island Link highway (PIL1) will be an opportunity for it to rethink and review SRS Consortium’s RM46bn transport infrastructure proposal.
Conduct a review
It would be timely to ask independent external globally acknowledged sustainable mobility experts to review the proposal in the context of resolving Penang’s transport and traffic problems – not just for the short term but for the next few generations. The cost of such a review would be minimal compared to the crippling proposed expenditure of RM46bn – and the savings could be huge.
The difficulty in securing a federal bridging loan of RM1bn makes this a timely occasion to reiterate the colossal financial obligations involved in the SRS proposal.
A huge burden
The entire scheme, projected currently at RM46bn, is made up of:
- Phase 1: RM23bn – consisting of PIL1 (RM7.5bn), an elevated light rail transit system (RM9bn) and the undersea tunnel and three highways (RM6.5bn)
- Phase 2: RM23bn – consisting of two elevated monorails, a light rail across the channel, a tram line in George Town and other roads etc
Can future generations of Penang residents cope with this burden? Should they have to?
Nothing is for free
Coastlines, hills, rivers, parks, scarce state land, lower building heights and densities, sustainable livelihoods are all being traded.
Reclamation will directly affect the lives of thousands of fishermen and decrease the supply of fish, resulting in higher prices. It will cause long-term siltation and pollution.
Prioritise public transport
This is the opportunity to prioritise public transport instead of building more highways that will take years of agonising construction
Better, Cheaper, Faster alternatives
Seriously investigate better, cheaper, faster alternatives such as the Autonomous Rail Rapid Transit (ART) and bus rapid transit. Estimates are that ART would cost one tenth of the construction cost of a light rail transit system.
These are low-hanging fruits involving speedy and affordable implementation, no digging, little disruption. Why are these non-disruptive alternatives not being seriously considered?
A re-think and a change of plans will not involve compensation as we are informed no money has been paid and no works have started.
Penang Forum steering committee