BLAMED IN NAJIB CIRCLES FOR BANDAR M’SIA FIASCO, IRWAN SERIGAR CONFIRMS SEEKING NEW MASTER DEVELOPER

KUALA LUMPUR – TRX City Sdn Bhd will be conducting a request for proposal (RFP) process to seek interested parties to be the role of master developer of Bandar Malaysia, says Treasury Secretary General, Tan Sri Dr Mohd Irwan Serigar Abdullah.

Irwan, who was appointed chairman of TRX City Sdn Bhd and Badar Malaysia Sdn Bhd, said on Wednesday that the site would remain under the 100% ownership of the Ministry of Finance.

“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,” he said.

He said all interested parties were invited to participate in this process provided they can meet these criteria.

Proposals will be accepted up to June 30, 2017, with a final decision on the master developer being made by TRX City in consultation with the Ministry of Finance by July 14, 2017,” he said.

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Irwan also said he was honoured to have been appointed as chairman of TRX City and Bandar Malaysia Sdn Bhd to maximise their value for the government and taxpayer, and to lead the monetisation of 1MalaysiaDevelopment Bhd’s (1MDB) remaining real estate assets.

“I thank the Prime Minister for his confidence in me,” he said.

Irwan said Bandar Malaysia, which occupies a key strategic location in the capital, will be a world-class city-within-a city and serve as a catalyst for fast-track economic development and employment, including the new KL Internet City – the key hub of the new Digital Free Trade Zone, and create an iconic development to drive tourism.

It will also serve as Malaysia’s transport nucleus, connecting the Kuala Lumpur to Singapore high speed rail, MRT lines, KTM Komuter, Airport Express Rail Link and 12 highways.

– ANN

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