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Friday, 5 May 2017

(The Edge) Govt will invite developers with good plans to develop Bandar Malaysia

PUTRAJAYA: The termination of the share sale agreement (SSA) for Bandar Malaysia will not affect the government’s long-term plans for 1Malaysia Development Bhd’s rationalisation and the development of Bandar Malaysia, said Minister in the Prime Minister’s Department Datuk Seri Abdul Rahman Dahlan.

Commenting on the SSA termination, he said the government would invite both local and foreign companies with good and comprehensive plans to become the main developer for Bandar Malaysia.

“We have been informed by Prime Minister Datuk Seri Najib Razak in a cabinet meeting that the successor company will be invited to be the new main developer or investor for Bandar Malaysia. I do not know in detail,” he said after receiving a courtesy call from Japan’s Land, Infrastructure, Transport and Tourism Minister Keiichi Ishii at his office yesterday.

“The termination will not affect our plans ... we also terminate the agreement. Give us some time to resolve this. I’m sure the prime minister is looking at the available options,” said Abdul Rahman.

He added that Bandar Malaysia had the potential to be the new catalyst for Kuala Lumpur and the country. — Bernama