The Signing Ceremony for the Financing Facility Agreement for the Development of the Penang Hill Cable Car was formalized between Hartasuma Ropeways Sdn. Bhd. and Bank Pembangunan Malaysia Berhad held at Hotel G Gurney, Penang yesterday.

Present to witness the event was Penang Chief Minister YAB Chow Kon Yeow, YB Zairil Khir Johari, State Executive Councillor for Infrastructure, Transport & Digital; YB Dato’ Seri Sundarajoo Somu, State Executive Councillor for Housing & Environment among others.

The cable car project has secured a sum of RM367.2 million and is expected to be completed in 2027.

Representing Hartasuma was Tan Sri Ravindrn Menon.

Chow said that the financing marks a significant step toward realizing the cable car transformation project on Penang Hill. 

“With the number of funicular passengers exceeding one million this year and ongoing transformation works at the pavilion, the need for this new cable car project is becoming increasingly critical,”he said.

He also added that the state is also considering extending the cable car lunk from Gurney Bay and a feasibility study is currently underway.

Surely, the completion of the cable car project will add to the list of tourist attractions to the island.