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Old April 17th, 2013, 07:09 PM   #21
davidwsk
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WCT secures RM169m Tun Razak Exchange job

17-4-2013

PROJECT GAINING MOMENTUM: First award under earthworks and substructure package

THE Tun Razak Exchange (TRX) project gains big momentum as 1Malaysia Development Bhd (1MDB) awards its first package of earthworks and substructure contract to WCT Bhd.

The RM169.26 million contract is the first in a series of TRX earthworks and civil engineering jobs to be awarded, 1MDB said in a statement yesterday.

In a separate statement, WCT said the contract has pushed its outstanding order book to more than RM2 billion.

"(The contract) will be an added value to an already broad portfolio in our engineering and construction division.

"This project will also further strengthen our current outstanding order book of RM2 billion," said managing director Taing Kim Hwa.

1MDB Real Estate Sdn Bhd chief executive officer Datuk Azmar Talib said: "TRX is an important national initiative. The commencement of its common infrastructure components represents a major milestone in transforming the vision of TRX into reality.

"Building on our progress to date, the construction supports and facilitates the development of the first phase of TRX. 1MDB is leading the way so that investors and developers may follow."

The first phase of TRX is expected to complete in 2017, which will coincide with the opening of the new onsite mass rapid transit line.


WCT, a leading local contractor, is to start work immediately.

It won the bid through a tender process which had gone through a multi-stage evaluation.

The contract covers site clearance, earthworks and rock excavation, secant pile walls, grouting, piling and other structural and related works.

Since the official launch of TRX last July, 1MDB has completed a number of critical advance works and service diversions necessary to start construction.

Last month, 1MDB and Abu Dhabi's Aabar Investments PJS signed an RM18 billion strategic partnership to invest in high-impact long-term economic and social projects in Malaysia and Abu Dhabi.

WCT shares closed trading three sen lower to RM2.34 yesterday, with 3.16 million shares traded.
More: http://www.btimes.com.my/Current_New...#ixzz2Qg5CMMWR
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Old May 8th, 2013, 12:25 PM   #22
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Will be started soon...
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Old June 1st, 2013, 07:30 AM   #23
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TRX plot, on top of the pic

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Originally Posted by UjaiDidida View Post
MRT project look busy near the TRX lot

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130519 KL Tower 17 by Haris Abdul Rahman, on Flickr
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Old June 9th, 2013, 01:30 PM   #24
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Kuala Lumpur City Model IMG_7971 by Yeoh Thean Kheng, on Flickr

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Kuala Lumpur City Model IMG_7984 by Yeoh Thean Kheng, on Flickr
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Last edited by UjaiDidida; June 9th, 2013 at 01:46 PM. Reason: Typo
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Old June 9th, 2013, 01:34 PM   #25
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on the left side
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Old June 19th, 2013, 05:53 PM   #26
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1MDB plans RM3.2bil IPO

By theedgemalaysia.com
Wednesday, 19 June 2013 11:58 Bookmark and Share


KUALA LUMPUR: 1Malaysia Development Bhd (1MDB) plans to raise about RM3.2 billion (US$1 billion) through a public listing of its power assets next year, Dow Jones Newswires reported.

The funds raised through the share sale will help pay off some of the debts of the Malaysian investment company, according to the news wire.

1MDB, a fund started by the government with a capitalisation of RM5 billion, had gone on a buying spree of power generation assets last year.

In May 2012, it acquired the power generation assets of Tanjong plc in a transaction valued at RM8.5 billion. The acquisition was financed by a RM6.17 billion term loan guaranteed by 1MDB and a US$1.75 billion 10-year paper issued by 1MDB Energy Ltd.

The papers issued by 1MDB Energy came with a corporate guarantee from 1MDB and United Arab Emirates-based International Petroleum Investment Co PJSC.

In October 2012, 1MDB through a subsidiary acquired Mastika Lagenda Sdn Bhd, which holds the power generation assets of the Genting group for RM2.38 billion.

The acquisition was funded by a RM700 million term loan guaranteed by 1MDB and issuance of US$1.75 billion 10-year notes.

In addition to the two power generation assets, 1MDB is also bidding to build new power plants in the peninsular.

Recently, the Energy Commission short-listed bidders for the construction of two power plants with different time lines.

One power plant of 1,000mw capacity is to be completed on a fast track basis and ready before 2017. The other is a 2,000mw coal-fired power plant that can be completed a year later. 1MDB has been short-listed for both segments of the competitive tender.

1MDB is a strategic investment company focused on spurring development in key economic sectors.

Apart from power plants, 1MDB is also into property development of prime land belonging to the federal government.

It is developing a 70-acre (28.3ha) parcel of land along Jalan Tun Razak into a financial centre.

The development, called the Tun Razak Exchange, is estimated to generate a gross development value of RM26 billion.


The other major property development project under 1MDB is the development of the Sungai Besi air force base into a major housing and commercial centre.

The master plan for the 484-acre site is already being firmed up and work is expected to start after relocation works for the existing air force, army and police units at the base.

Last year, Malaysia was among the countries with the largest number of high profile public listings.

The IPO market has slowed down since early this year due to the most keenly contested general election that was held on May 5.

Now, the IPO market is beginning to pick up pace with several large listings being planned.

The latest is the listing of budget long-haul carrier AirAsia X.


This article first appeared in The Edge Financial Daily, on JUNE 19, 2013.

http://www.theedgeproperty.com/news-...32bil-ipo.html
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Old July 10th, 2013, 01:01 PM   #27
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..
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Last edited by davidwsk; December 4th, 2015 at 04:38 PM.
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Old July 10th, 2013, 03:05 PM   #28
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but not one of the finalists right?
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Old July 13th, 2013, 12:37 PM   #29
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Very nice design!
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Old July 13th, 2013, 02:53 PM   #30
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From Malaysian Forum

Quote:
Originally Posted by rizalhakim View Post
another proposal...
Rainbow Tower
380m 80storey
http://www.coop-himmelblau.at/archit.../rainbow-tower

Quote:
Originally Posted by W3raq View Post
Quote:
Originally Posted by UjaiDidida View Post
I found one two..The podium look interesting


http://www.coop-himmelblau.at/archit.../rainbow-tower
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Old July 13th, 2013, 03:49 PM   #31
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That one looks so phallic
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Old July 13th, 2013, 09:09 PM   #32
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look at the numbers! the roof is going to be 380m, not the spire!, so this buildings height to the antenna will get to ~470m
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Old July 13th, 2013, 09:38 PM   #33
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ya.. i already make a height prediction based on the scale

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stk by ujai_didida, on Flickr
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Old July 16th, 2013, 08:04 AM   #34
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It would be nice if the tower is 470 m +!

By the way, Machines/Piling rigs on site according to other forumers
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Old July 16th, 2013, 10:38 AM   #35
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Quote:
Originally Posted by davidwsk View Post
It would be nice if the tower is 470 m +!

By the way, Machines/Piling rigs on site according to other forumers
If pilling rigs are working on site this is U/C
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Old July 16th, 2013, 10:42 AM   #36
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Yup...
they are moving piling rigs on site and setting up some site office.

Seems like this project will be started soon.

Besides, Tun Razak Exchange project consists of many towers and we are unsure which will be built first.
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Old July 16th, 2013, 09:34 PM   #37
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architects calls it antenna's so official height will be 380, height to tip may be 470m+. sounds great to me and i am happy architects start calling antennas antennas again
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Old July 17th, 2013, 03:06 PM   #38
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i believe,its not the final design rite?
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Old July 17th, 2013, 07:41 PM   #39
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no, just one of the possible designs
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Old July 19th, 2013, 08:15 AM   #40
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Is the platinum tower going to be the new landmark of Kuala Lumpur or still the petronas towers going to be higher bemuse petronas height is 550 m
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