Executive director Eric Chan Kok Leong said the E&O water limousine will ferry passengers between the new pier at the E&O Hotel Annexe and the retail marina at Straits Quay in Seri Tanjung Pinang in Tanjung Tokong.
"These plans are subject to the authorities' approval and we are currently evaluating potential partners with the necessary expertise in type of craft and caliber of operations management," he told Business Times.
Construction of the 15-storey E&O Hotel Annexe, which is estimated to cost RM150 million, is slated for completion by the end of next year.
Chan said the ground floor of the annexe will have new restaurants and 5,000 sq ft of retail space.
As for the seafronting Straits Quay, which is sited within Phase 1 of Seri Tanjung Pinang, the E&O group will be announcing its retail partners soon.
"We are on track to open by the end of this year," Chan said, adding that construction is in its final phase. When launched, the sea-facing galleria will occupy 4.4ha, out of which the nett lettable area is approximately 270,000 sq ft.
"Straits Quay is sectioned into three thematic zones and, to date, a good mix of tenants have been secured, appealing to tourists and local residents living within a 15km radius," Chan said.
The food and beverage precinct centres around the marina and offers alfresco dining on the water fringe.
Chan said that in addition to outlets offering Asian, Japanese and Italian cuisines, to name a few, there will be seafood restaurants, bars and bistros dotting Straits Quay's outdoor dining boulevard.
"The tourist belt will offer souvenir and gift concessions, and feature Penang artisans."
The Suites at Waterside's serviced apartments, launched two years ago, will be handed over to buyers this month.
By Business Times
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