Penang chief minister Chow Kon Yeow said participation in the public auction depended on the interest and readiness of qualified bidders.GEORGE TOWN: The Penang government has received no fresh request from Consortium Zenith Construction Sdn Bhd (CZC) to reauction a 2.42ha plot of land near Gurney Drive after an earlier auction failed to attract bidders.
Chief minister Chow Kon Yeow said the initial auction in September was conducted at CZC's request to raise funds for the remaining construction work on the Package 2 Highway Project, a bypass linking Bandar Baru Ayer Itam (Farlim) to the Tun Dr Lim Chong Eu Expressway.
"To date, the state government has not received any fresh request from CZC to facilitate a reauction as the company is no longer facing cash flow constraints and can complete the remaining works, which are now more than 95% done," he told the Penang state legislative assembly today.
