{
  "id": 6095088,
  "title": "Penang’s Air Itam-Tun Dr Lim Chong Eu bypass nearing completion",
  "url": "https://urgent.news/2026/09/07/penangs-air-itam-tun-dr-lim-chong-eu-bypass-nearing-completion",
  "topic": "business",
  "section": "Business",
  "published": "2026-09-07T03:51:00.000Z",
  "source": {
    "name": "The Vibes",
    "slug": "the-vibes",
    "url": "https://www.thevibes.com/articles/news/127029/penangs-air-itam-tun-dr-lim-chong-eu-bypass-nearing-completion"
  },
  "original_language": "en",
  "account": "The Air Itam-Tun Dr Lim Chong Eu bypass progress in Penang reaches 92.46 percent completion, but only 81.69 percent of the financial payout to the contractor has been finalized. Penang executive councillor Zairil Khir Johari explained that the remaining amount is financed through land swaps instead of cash sales. Penang has already surrendered 11,6183 acres (RM427.657 million) of landbank, with the consortium seeking the same amount through land swaps. The consortium has requested Penang to monetize land sales to help with cash flow needs, with the first auction of a 6-acre plot (RM313.632 million) planned for Wednesday at 11 am. The plot, located at PT858 (Plot 7A) in Tanjung Pinang Township, is near Gurney Bay and the reclaimed Andaman Island. Penang will auction the land, and proceeds will be split between the state government and the consortium. Other infrastructure projects currently underway in Penang include the Mutiara Light Railway Transit, the Silicon Island reclamation, and the upgrading of the Juru - Sungai Dua highway stretch in the North - South Expressway.",
  "summary": "THE Air Itam-Tun Dr Lim Chong Eu bypass edges closer to completion, with Penang disclosing that 92.46 per cent of the construction phase is done. As of last month, there is a 92.46 percent completion rate, although the financial payout to the contrac...",
  "key_points": [
    "Air Itam-Tun Dr Lim Chong Eu bypass 92.46% complete",
    "81.69% of contractor payout finalized through land swaps",
    "First land auction for RM313.632 million plot scheduled Wednesday"
  ],
  "editors_take": "The bypass's nearing completion shifts focus to financial arrangements, particularly land swaps and auctions, which will determine the project's final cost and cash flow for the consortium.",
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}