Kwasa Land Sdn Bhd, the master developer of the upcoming Kwasa Damansara township, has appointed a unit of the Malaysian Resources Corporation Bhd (MRCB) as the Project Delivery Partner (PDP) for the town’s main infrastructure.
Via this deal, MRCB Builders Sdn Bhd, will receive a PDP fee based on five percent of the total development cost of about RM2.2 billion, plus other reimbursable expenses, but minus the goods and services tax (GST).
According to Kwasa Land, which is a subsidiary of the Employees Provident Fund (EPF), MRCB was chosen for its technical expertise and experience in building massive developments. Another positive factor taken into consideration is its current role as Project Delivery Partner for the LRT Line 3 project.
Meanwhile, MRCB’s Executive Director Imran Salim revealed that the town’s main infrastructure are expected to be completed within five to six years. These include water pipes, electricity lines and roads spanning over 647.5 hectares.
“The main infrastructure works will commence once we receive approvals from the relevant authorities and this is expected to be done within a year,” he added.
The Kwasa Damansara township will stand on 942.9 ha land parcel in Sungai Buloh, previously owned by the Rubber Research Institute of Malaysia.
Mangalesri Chandrasekaran, Editor at PropertyGuru, edited this story. To contact her about this or other stories email firstname.lastname@example.org