TRX City Sdn Bhd will soon conduct a request for proposal (RFP) process to select the master developer of Bandar Malaysia, said Treasury Secretary General, Tan Sri Dr Mohd Irwan Serigar Abdullah.
The newly appointed chairman of TRX City Sdn Bhd and Bandar Malaysia Sdn Bhd noted that the site would continue to be fully-owned by the Ministry of Finance, reported The Star.
“The RFP process, which will commence immediately, will entail strict criteria and require interested parties to display relevant experience, a proven track record, speed of delivery, content creation and the financial capability to deliver a project of this scale,” said Irwan, adding that all interested parties are invited to participate as long as they meet the criteria.
With proposals accepted until 30 June 2017, TRX City, in consultation with the Ministry of Finance, will make the final decision on the master developer by 14 July 2017, he added.
In thanking the Prime Minister for his confidence in him, Irwan said he was honoured to be appointed as chairman of TRX City and Bandar Malaysia Sdn Bhd and to lead the monetisation of the remaining real estate assets of 1Malaysia Development Bhd.
Strategically located within the capital, Bandar Malaysia is set to be a world-class city-within-a city that will serve as a catalyst for fast-track economic growth and employment while creating an iconic development to propel tourism, added Irwan.
Moreover, Bandar Malaysia will serve as a transport nucleus, connecting the Kuala Lumpur to Singapore high speed rail, KTM Komuter, MRT lines, Airport Express Rail Link as well as 12 highways.
Image sourced from The Star
Radin Ghazali, Content Writer at PropertyGuru, edited this story. To contact her about this or other stories email radin@propertyguru.com.my
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