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Old September 26th, 2014, 03:59 PM   #121
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Old September 28th, 2014, 10:00 AM   #122
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Old October 6th, 2014, 08:21 AM   #123
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Veolia Water Technologies South-East Asia supports TRX project
Oct 3, 2014

Veolia Water Technologies South-East Asia is proud to announce a new 20-year partnership with 1 Malaysia Development Berhad Real Estate Sdn Bhd (1MDB RE) for the prestigious Tun Razak Exchange (TRX) Project.

As Malaysia’s new international finance and trading hub, the TRX Project will be designed according to the highest environmental standards, and a key focus throughout the development will be water reuse. Veolia aims to recover at least 80 per cent of the expected 3.8 million cubic meters (m3) of sewage generated every year, for reuse purposes within the new district, consequently reducing site-wide fresh water demand by more than 50 per cent.

These targets will be met by leveraging on five of Veolia’s advanced technologies. These include the Multiflo™ settler, AnoxKaldnes™ Moving Bed Biofilm Reactor (MBBR) technology, Hydrotech® discfilters, Alizair® deodorization treatment, and Endetec Kapta units.

1MDB RE Chief Executive Officer Dato’ Haji Azmar Talib said that this agreement is aligned with TRX’s efforts to promote sustainability in developments and underlines the Government’s commitment in providing a long term solution for the delivery of sustainable initiatives in Malaysia.

He said, “TRX is committed to sustainability and we are proud to undertake this with a strong, reputable partner. This is in line with efforts to better treatment practices for wastewater towards achieving Greater KL goals which the Government has outlined. This treatment plant, along with water efficiency measures, will reduce water demand on TRX by greater than 50 per cent.”

Mohammed Akhir Ahmad, Managing Director of Veolia, Malaysia, shared: “This is another milestone for Veolia as the TRX Project is an affirmation of our leading position in the water industry. There were several reasons for Veolia’s appointment, and our knowledge and expertise in handling wastewater treatment projects of such scale was one of the most compelling. As we have the capabilities to provide the complete suite of wastewater technologies that are required, 1MDB will be able to interface solely with Veolia and as a result stand to achieve maximum productivity. In addition, Veolia is going a step further by dedicating a team of 30 qualified full-time staff to provide onsite support throughout the term.”

The Multiflo™ settler technology is the ideal solution to produce a highly concentrated and thickened sludge required for the wastewater treatment process, and will be activated to handle different water characteristics and loads. Featuring its renowned biofilm-coated carriers, the AnoxKaldnes™ MBBR technology will also be implemented in the project to stabilize the discharge quality while removing chemical oxygen demand (COD), biochemical oxygen demand (BOD), and nitrogen present in the wastewater.

http://www.eco-business.com/press-re...s-trx-project/
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Old October 6th, 2014, 08:21 AM   #124
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Published: Monday October 6, 2014 MYT 12:00:00 AM
Updated: Monday October 6, 2014 MYT 11:57:01 AM
Mudajaya poised for RM100mil Tun Razak Exchange job

BY JOHN LOH


Sept 25 file pic shows work progressing on part of the TRX.

PETALING JAYA: Mudajaya Group Bhd, in a tie-up with a French firm, is the frontrunner to clinch a long-term concession with 1Malaysia Development Bhd (1MDB) to supply the central cooling system for the Tun Razak Exchange (TRX), according to sources.

The contract, likely to be awarded on a build-own-operate basis, could be valued at some RM100mil, with a concession period of up to 20 years.

The construction outfit has been named a preferred bidder among several companies that had submitted bids, people close to the matter told StarBiz.

1MDB had several weeks ago signed a 20-year concession agreement with Veolia Water Technologies Southeast Asia to provide wastewater treatment and recycled water supply in TRX.

The wastewater treatment plant, to be built and operated by Veolia, is expected to cut water usage by more than 50%.

TRX, earmarked as Kuala Lumpur’s new financial district, is a 28.3ha, RM18bil mixed-use development in the city's Imbi area fronting Jalan Tun Razak.

StarBiz reported recently that all parcels of land for phase 1 of TRX had been sold to investors, with 1MDB retaining about five parcels for itself as the master developer for recurring income.

Phase 1 of TRX comprises four office towers, five residential towers, two five-star hotels and a shopping complex.

http://www.thestar.com.my/Business/B...ear/?style=biz
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Old October 10th, 2014, 10:57 AM   #125
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Quote:
1MDB Re and Lend Lease finalising key terms of their proposed joint venture

Friday, 10 October 2014

An artist's impression of Tun Razak Exchange. The Lifestyle Quarter spans over 17 acres, with a projected value of RM8bil."

PETALING JAYA: 1MDB Real Estate (1MDB RE) and Lend Lease are moving forward with their agreement on the development of the Lifestyle Quarter in Tun Razak Exchange (TRX), as both parties are finalising the key terms of the proposed joint venture.

A part of the 70-acre TRX, the Lifestyle Quarter spans over 17 acres, with a projected value of RM8bil.
More:

http://www.thestar.com.my/Business/B...d-j/?style=biz
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Old October 11th, 2014, 07:39 PM   #126
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Old October 26th, 2014, 06:17 PM   #127
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Old October 29th, 2014, 06:37 AM   #128
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Old October 31st, 2014, 03:38 PM   #129
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It looks like Shanghai tower but shorter
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Old November 1st, 2014, 09:58 AM   #130
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Beauty!
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Old November 2nd, 2014, 05:35 PM   #131
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How appropriate the Tower's name to your avatar
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Old November 10th, 2014, 06:12 PM   #132
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Old December 24th, 2014, 09:40 AM   #133
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Old December 24th, 2014, 09:41 AM   #134
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Old December 24th, 2014, 09:41 AM   #135
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Old February 15th, 2015, 09:26 PM   #136
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Old March 16th, 2015, 06:48 PM   #137
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Seen from KL Tower, last week during my stopover in KL


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Old March 19th, 2015, 10:01 AM   #138
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Start now..

Quote:
1MBD Real Estate, Lend Lease ink TRX lifestyle quarter deal
Thursday, 19 March 2015


Prime Minister Mohd Najib Tun Abdul Razak witnessing the signing ceremony

KUALA LUMPUR: Tun Razak Exchange (TRX) master developer 1MDB Real Estate (1MDB RE) and Lend Lease sealed their partnership on Thursday to develop the Lifestyle Quarter which will have a GDV of RM8bil.

1MDB RE, a unit of 1 Malaysia Development, said it would own 40% of the project while the remaining 60% will be owned by Lend Lease.

“Supporting TRX's vision of becoming a global hub for international finance and business, the Lifestyle Quarter will be a retail-led mixed-use development of over 17 acres comprising a new retail mall, several residential towers and a hotel connected to a multi-layer central park and the largest MRT station in Kuala Lumpur,” it said.

The signing of the JV agreements and a sale and purchase agreement was in the presence of Prime Minister Datuk Seri Mohd Najib Tun Abdul Razak. The master framework agreement was signed last October.

CEO 1MDB Real Estate Datuk Azmar Talib said TRX has successfully played a catalyst role to attract a significant FDI commitment in Malaysia's premier financial district.

“We will announce more commitments from top tier local and international investors in the coming months.

"With this Lifestyle Quarter partnership sealed, 1MDB RE will focus on delivering major infrastructure upgrades for TRX and the Imbi area with a view to accelerate the development of TRX to meet strong and tangible demand,” he said.

CEO for Lend Lease in Asia, Rod Leaver, said: "We are pleased to complete the negotiations and continue the journey to transform TRX into an iconic destination. With our global track record in large scale urban regeneration in partnership with national and city governments, coupled with our over 35 year history in Malaysia, we are confident of making the TRX Lifestyle Quarter an outstanding success with our partner."

The Lifestyle Quarter will form the social heart of the TRX precinct. It plans to offer a series of modern lifestyle experiences and set new benchmarks not only in terms of design, but for the types of retailers, dining establishments, outdoor spaces, leisure activities and entertainment options it provides.
http://www.thestar.com.my/Business/B...eal/?style=biz
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Old April 2nd, 2015, 04:22 PM   #139
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UPDATE:
Quote:
TRX lures strong foreign, domestic interest
24 MARCH 2015 @ 11:32 AM

KUALA LUMPUR: Upcoming international financial district, the Tun Razak Exchange (TRX), is receiving strong foreign and domestic investors’ interest, says 1MDB Read Estate Chief Executive Officer Datuk Azmar Talib said.

“We have not seen any kind of withdrawal in negotiations or discussions,” he said when asked if the issues surroundings 1Malaysia Development Bhd (1MDB) was a deterrent for investors investing in TRX.

1MDB Real Estate is a unit of 1MDB.

In fact, there has been more interest shown by foreign investors after 1MDB Real Estate sealed a partnership with Lend Lease, a strong and reputable international partner for the development of the lifestyle quarters, he said.

Australian headquartered Lend Lease is an international property group offering fully integrated services including investment management, development, construction and project management.

It has worked on notable projects in Malaysia including the iconic Petronas Twin Towers, Setia Mall City and most recently, the Pinewood Iskandar Malaysia Studios.

The estimated total gross development value for TRX’s lifestyle quarter is RM8 billion.

“There has been more excitement and people are knocking on our doors. We have been negotiating with both foreign and local parties and we will be making some major announcements soon,” he told Bernama.

Foreign investors interested to invest in TRX originate from seven countries, which is a strong signal of the project’s sustainability, said Azmar.

Chief Executive Officer for Lend Lease in Asia Rod Leaver said the firm is committed to the project.

“In some stage in the future, we might bring in larger investors to invest alongside with and 1MDB (Real Estate),” he said.

Elaborating on its approach, Azmar said the firm is mindful in selecting its partners as well as the development of TRX.

“We go through certain rigorous process in selecting our partners and we only develop based on demand,” he said, adding that 1MDB Real Estate has to be very prudent in developing TRX as it was a long-term project.

“The aim is to make sure TRX is able to do to Kuala Lumpur what KLCC did 20 years ago,” said Azmar.

– BERNAMA
http://www.nst.com.my/node/77792
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Old April 2nd, 2015, 04:23 PM   #140
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Quote:
MoF creates special task force to help 1MDB implement strategic review
27 MARCH 2015 @ 5:23 PM

KUALA LUMPUR: The Ministry of Finance, in its capacity as the 100 per cent shareholder of 1Malaysia Development Bhd (1MDB), has created a special task force to help ensure the successful implementation of the company’s strategic review.

The task force will comprise the Second Finance Minister Datuk Seri Ahmad Husni; Minister in the Prime Minister’s Department Datuk Seri Abdul Wahid Omar; Chief Secretary to the Government Tan Sri Dr Ali Hamsa; and Treasury Secretary-General Tan Sri Dr Mohd Irwan Serigar Abdullah.

In a statement today, the ministry said it fully supported the management and board of 1MDB in the implementation of its previously announced strategic review.

The task force will provide all required assistance and guidance to ensure maximum value is generated for the ministry. -- BERNAMA
http://www.nst.com.my/node/78437

Quote:
1MDB loans with local banks totalled RM5.037 billion: PM
BY ILI LIYANA - 26 MARCH 2015 @ 2:28 PM

KUALA LUMPUR: 1Malaysia Development Berhad (1MDB) loans with local banks amounted to RM5.037 billion as at January this year.

Prime Minister Datuk Seri Najib Razak said this in a written reply in Parliament today.

Najib, who is also the Finance Minister, was responding to a question by Rafizi Ramli (PKR-Pandan) who wanted to know the total amount of loans IMDB has with local banks.
http://www.nst.com.my/node/78229

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