SRS, which consists of Gamuda, which holds a 60% share, Penang-based Loh Phoy Yen Holdings (20%) and Ideal Property Development (20%), will work closely with the state government over the next six months to develop a detailed execution masterplan, engineering designs, gather public feedback, and secure state and federal approvals for each TMP component.
The plan includes five light rail and two tram lines for Penang island and two commuter rail lines on the mainland. SRS will also be responsible for project management and ensuring there is no cost overruns or delays from the non-performance of contractors.
Currently 250,000 trips are made during the morning peak in Penang by cars (56%), motorcycles (33%) public buses (3%) and factory and school buses (8%). The TMP was completed in 2012 and aims to increase public transport usage to 40% of all journeys in the state by its completion in 2030.