The master developer of the Tun Razak Exchange (TRX) has appointed Gadang CRFG Consortium Sdn Bhd to undertake major traffic dispersion and improvement works at the upcoming financial district in Kuala Lumpur for RM327.91 million, reported the Sun Daily.
TRX City Sdn Bhd awarded the work package to the contractor, which is a joint venture between CRFG Malaysia Bhd and Gadang Engineering (M) Sdn Bhd.
The two-year contract will include earthworks, foundation works, construction of subterranean reinforced concrete road structure, building of elevated and at-grade roadways, as well as related works for access roads connecting TRX with Kuala Lumpur.
According to TRX City, the work package is line with the Federal Government and Kuala Lumpur City Hall’s efforts to reduce the traffic load in Jalan Tun Razak and Jalan Bukit Bintang by up to 27 percent.
Gadang CRFG was chosen via a tender process overseen by an independent auditing firm. The pre-qualification of contractors began in May 2016 and the bidding was launched in August 2016.
To date, Indonesian property developer Mulia Group is building the Signature Tower in TRX, while Australia-based Lendlease is developing the Lifestyle Quarter there.
Affin Bank Bhd has also committed to build an office tower, Lembaga Tabung Haji pledged to develop a residential plot, while Veolia Water Technologies Southeast Asia will undertake the water treatment and recycling concession in TRX.
Among properties around the area are:
Image sourced from The Star
Radin Ghazali, Content Writer at PropertyGuru, edited this story. To contact her about this or other stories email firstname.lastname@example.org