Menteri Besar Datuk Seri Muhammad Sanusi Md Noor said the government of Kedah is planning to sell part of the land to be developed for the Sungai Petani racing circuit to raise funds to finance the construction. — photo by Bernama
Saturday, May 21, 2022 11:08 p.m. GMT
ALOR SETAR, May 21 – The government of Kedah plans to sell part of the land to be developed for the Sungai Petani racing circuit to raise funds to finance the construction of the project, said Mentri Besar Datuk Seri Muhammad Sanusi Md Noor.
He said construction of the circuit, which had started but stopped in recent years, would also use the original design which would cost RM30 million.
“The land to develop the circuit is over 100 acres. The land is owned by Menteri Besar Incorporated (MBI). Previously, the Ministry of Youth and Sports (KBS) allocated RM30 million for the construction of the circuit and RM10 million was spent on earthworks.
“Now there is 20 million RM left and it is not enough to build the circuit, and we have to find other funds. Apart from that, the payment to the project consultant of 890,000 RM has also not no longer been done by the previous state government,” he said while meeting at the Youth Retreat Program here today.
According to him, the previous state government changed the original plan for the circuit to expand it using international standards at a cost of RM73 million, and the project was later halted due to high costs as KBS did not was also unable to channel the necessary. additional endowment.
Muhammad Sanusi said that to ensure the project could operate again, the state government would reuse the original plan and design costing RM30 million, but would have to find new sources of funds to cover the shortfall. to win.
“At the moment, we are at the stage of selling the land. The land will be divided into two parts where one will be developed as a commercial area and the other part for the circuit which will be financed by existing and new funds,” he said. — Bernama