Property Hunter Magazine Property Hunter Magazine Issue 51 - February 2014 | Page 13

China’s Firm to Build Labuan Bridge International Terminal and to move the Air Force to Tawau. Malaysia’s First Oil and Gas Terminal to Open Soon in Sabah “Labuan Airport will then be a 100 per cent civilian airport and Tawau Airport will become partly a military airport. The proposal to develop Labuan into a major transit point for the whole island of Borneo is logical,” he said. The bridge plan designed by Innotech Design Architect Sdn Bhd shows the bridge linking Labuan at Tanjung Aru with the mainland of Sabah at Menumbok The proposed bridge to link Labuan and Sabah is now possible after it was merely talked about by the people years before. Representing former chief minister Tan Sri Harris Mohd Salleh at a briefing session for the committees of Malay, Kadazandusun, Chinese and Indian chambers of commerce at Tiara Hotel here, Raden Kakung said both the people of Labuan and Sabah were looking forward to have the bridge built. The bridge is possible as a company from China is willing to build it for a land swap without cash payment. “An entry port with an integrated bridge has also been planned. The Labuan side will provide sea land for reclamation, which will be developed into commercial and residential properties especially for retired overseas people. “This is also the plan for the Sabah side. To realise this aspiration, the Federal Government should formulate a policy allowing foreigners to have permanent residence permits in exchange for their investment on the island,” he said. Reading a speech on behalf of the former chief minister, Raden said that Harris recalled a concept initiated by the British to make Labuan like a little Singapore or Hong Kong, which remains a dream to the people of Labuan. “Indeed, Labuan is just like Singapore. The economic activities of Singapore are tied up with the financial centre as well as oil and gas. Tourism, property management and other businesses just simply follow. “Nevertheless, Singapore is far away from Labuan. Therefore, it is not a direct competition as Singapore is a well-established oil and gas centre. Any establishment trying to compete with it in the same business will fail. “Its friendly neighbours of Sabah and Sarawak recognise the fact that Labuan with a population of 100,000 can only survive and thrive with the presence of oil and gas industries, which will guarantee employment,” he said. He said further that in order to make Labuan a fully integrated and functio