Loans for land acquisition and development of Seberang Perai by the Penang Development Corporation are the basis for the huge hike in allocation for the Chief Minister’s Office and State Secretary (P01) in the Penang Budget 2017.

The loans for land acquisition and development amounts to RM609million, Chief Minister Lim Guan Eng said when he explained in detail the breakdown for the proposed expenses for PO1 for next year.