Taken from Wikipedia:
The tender for the Project (Penang Monorail) has been closed since November 16, 2007. Some of the contenders for the project is Melewar Industrial Group Bhd (MIG) and Putera Capital Bhd.
On January 10, 2008, the government announced the winner of the tender, which is a consortium led by Malaysian Resources Corporation Bhd. (MRCB) The members of the consortium includes Scomi Engineering Bhd and Penang Port Commission. According to the Edge, a Malaysian business newspaper, Malaysian Resources Corporation will build the monorail infrastructure, while Scomi Engineering will provide consultant expertise in building the infrastructure and Penang Port Commission have the land on to which the main hub will operate. The tender costs is expected to be at MYR 1.6 billion. MRCB also operated a join venture with Pelaburan Hartanah Bumiputera Bhd to build the inter-modal transportation hub called Penang Sentral. The Letter of Intent was awarded to MRCB and Penang Port by Syarikat Prasarana Negara Bhd on January 15 2008, although the final solution of the lines and station is not out yet.
Read more the story in The Edge:
Sime Darby Bhd, Malaysia’s biggest listed company, is primarily the promoter of NCER and the company that drew up a masterplan to develop the four states. Part of the plan is the construction of a monorail in Penang island, where a letter of intent has already been issued to Malaysian Resources Corporation Bhd (MRCB).
MRCB has teamed up with Scomi Group Bhd and Penang Port Sdn Bhd to build the RM1 billion project. So far, the companies have only been doing the ground work and not initiated actual construction.
Scomi, especially will come under the spotlight, as it is 34.5% controlled by two privately held companies, On Stream Marine Sdn Bhd and Kaspadu Sdn Bhd which are the vehicles of Datuk Kamaluddin Abdullah, the son of Premier Datuk Seri Abdullah Ahmad Badawi.
End of the day, only the rich will become richer, then how about the average Malays and all Malaysian? Think yourself, my friends.