24/04/2002 The Star
The Federal Government has waived the contribution charges
amounting to RM2.1mil for the stalled Taman Terubong Indah (Majestic
Heights) Phase 1 project.
The sum represented contribution charges for Tenaga
Nasional
Berhad (TNB) and Indah Water Konsortium (IWK), amounting to
RM456,900 and RM1.18mil.
Housebuyers ad-hoc committee executive advisor S. L. Chang said
decision was made last week.
“The waivers will bring down the cost to less than RM8,000 for
each buyer for the project to be revived,” he said adding that the
actual figure would only be finalised when a contractor is
appointed.
Chief Minister Tan Sri Dr Koh Tsu Koon had said on March 18 that
purchasers had been exempted from paying RM1.496mil as contribution
charges to the Penang Muni-cipal Council, the Penang Water Supply
Corporation Sdn Bhd (PBAPP SB) and two other government agencies.
Ad-hoc committee chairman B. H. Lim said the committee was now
drafting the loan agreement for the additional loan between the
financier, purchasers and the liquidator Deloitee KassimChan.
“We are also scrutinising the list of recommended contractors and
hopefully, a contractor will be appointed within the next two
weeks,” he said.
Lim also urged housebuyers to register or update their details
with the committee.
Purchasers can meet the committee at Bayan Baru MP Wong Kam
Hoong's service centre at Wisma Indah, 123-G-7, Jalan Paya Terubong
every Thursday from 9.30pm to 10.30pm.
For details, call the centre at 04-8269134.
Launched in 1995, the Ma-estic Heights project, consisting of
2,955 housing units, 55 shoplots and 22 light industry units, is the
country's largest single abandoned housing project.
The project hit a snag when the developer faced financial and
management problems in 1998.
On Oct 16, 2001, the High Court handed down an order for the
developer to be wound up.
