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"New investors likely" for Penang’s undersea tunnel and roads project
Penang government say they are open to new investors for Penang’s RM6.3 billion undersea tunnel. This tunnel project is under investigation for corruption in Malaysia.
cover tunnel photo by: Matt Brown from London, England / CC BY
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Last week, main contractor Consortium Zenith Construction (CZC) announce restructure. After announce Kedah-based developer Khor Eng Chuen say they come forward to build tunnel.
2 More companies put themselves up to rescue Penang Undersee Tunnel. FreeMalaysiaToday write "a Pahang-based mining and construction company with connections to a former federal minister, and a Kuala Lumpur-based engineering firm" join Khor Eng Chuen as candidates to rescue tunnel.