The Island Hospital Penang mega project on Peel Avenue is regarded as a foreign investment, and as such, it does not need to be subjected to the open tender system, Chief Minister Lim Guan Eng said today.

Lim said this applied to multinational companies, such as the electronics factories that the state wants to invite to invest in Penang.

Building a hospital is a massive undertaking, he said, and the Island Hospital has invested RM2 billion in the project, which would be completed in five years...