Northern Corridor Economic Region(NCER) and the high-impact projects on Penang
The NCER blueprint, prepared by master planner, Sime Darby, is expected to bring in RM177 billion investment into the Northern Corridor [Map Guide] covering 4 northern states of Peninsula Malaysia – Perlis, Kedah, Penang and Northern Perak to transform and expand the agricultural,manufacturing, tourism and logistics sectors until year 2025.
According to the NCER blueprint, five growth corridors will be created within the economic region ie. Island Corridor, Coastal Corridor, Central Corridor, Hinterland Corridor and Butterworth-Kulim-Baling-Pengkalan Hulu Grik Corridor. For more highlights on NCER, click here and here. More info are available at NCER’s website www.ncer.com.my.
The plan will position Penang into an integrated logistics hub for northern corridor. Amongst the high-impact projects earmarked for Penang are airport and port expansion, enhancement of public transportation system i) Rapid Penang Bus services , ii) high –speed ferry services iii) RM2Billion Penang Sentral – a central transport hub to be undertaken by MRCB and akin to Kuala Lumpur Sentral albeit at a smaller scale of about one fifth of its development size and iv) the Penang monorail project, micro-electronic center of excellence at USM and the RM18 Billion Penang City Centre to be promoted as MICE destination.
Update : more insights on NCER initiatives by SERI - Penang as an integrated logistics and transportation hub under northern corridor economic region.
For individual property advisory and investment in Northern Corridor of Malaysia, email to us or call us at +604 6588333 (Penang).
To what extend and how fast would all this initiatives and benefits cascading down to the ordinary people in the Northern Corridor ? Find out more on who are the beneficiaries of the NCER ? at Beneficiaries of the NCER and NCER big boost for Penang and which Property firms to get NCER benefits?.
Maps on Penang’s high impact projects under the NCER masterplan ;