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Wednesday, 3 May 2017

(The Star) Project a catalyst for the future

KUALA LUMPUR: The Bandar Malaysia project, which will be developed under the public-private partnership model with an estima­ted cumulative gross development value of RM150bil, has the potential to be a catalyst for future economic growth, says master developer TRX City Sdn Bhd CEO Datuk Azmar Talib.

He said this development offered many business and investment opportunities, including the commercial sector, creative services, tourism and hospitality industries, and theme parks.

“We foresee Bandar Malaysia to also generate skilled employment opportunities.

“For example, one of the early activation components for Bandar Malaysia is the Kuala Lumpur Internet City (KLIC), designed as the primary digital hub for the Digital Free Trade Zone (DFTZ),” he said in an e-mail interview with Bernama yesterday.

The world’s first DFTZ was jointly launched 40 days ago in the city centre by Prime Minister Datuk Seri Najib Tun Razak together with Jack Ma, founder and executive chairman of Alibaba Group.

The DFTZ, which has two key aspects – Alibaba’s regional logistics hub in the KL International Airport and KLIC, which is set to become the Silicon Valley of South-East Asia – will be situated in Bandar Malaysia.

The DFTZ is expected to double the growth rate of Malaysian small and medium enterprises, increase overall goods exports by US$25bil (RM108bil) and create 60,000 jobs by 2025.

Bandar Malaysia is located in the old airport site of the Kuala Lumpur airbase in Sungai Besi, just seven kilometres from the Kuala Lumpur city centre.

“We are focusing on completing the relocation of the Kuala Lumpur airbase to eight different sites around the country by the end of this year.

“We have obtained the approval-in-principle for the Development Order from the Kuala Lumpur City Hall, and the Mass Rail Transit (MRT) works for Line Two ( Sungai Buloh-Serdang-Putrajaya ) are in progress on site,” said Azmar.

The development of Bandar Malaysia is poised to change the facade and environment of the Sungai Besi area and Greater Kuala Lumpur.

Azmar said Bandar Malaysia would become a transit-oriented development, anchored on the maximum use of public transport with the Government setting it as a terminus for the Kuala Lumpur-Singapore high-speed rail project.

The integrated development is set to be a central transport hub, connecting the MRT lines, KTM Komuter, Express Rail Link and 12 other highways.

“With all these, the project can become the future nucleus of Kuala Lumpur.

“The areas surrounding this development, too, will be able to benefit from the modernisation of the infrastructure brought about by Bandar Malaysia,” he said.

Bandar Malaysia is envisioned as a world-class city-within-a-city that offers seamless connectivity, being the first integrated transit-oriented mixed-used cluster that will also have retail and lifestyle components, diverse types of city housing and a hub for international business, as well as for creative industries.

TRX City Sdn Bhd stated in its factsheet that the project is expected to be completed over the next 30 years. — Bernama