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Old June 17th, 2016, 05:41 AM   #41
davidwsk
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Friday, 17 June 2016
MRCB aims big at Bandar M’sia transport terminal

KUALA LUMPUR: Construction and property firm Malaysian Resources Corp Bhd (MRCB), which has entered into a non-binding memorandum of understanding (MoU) with Wondrous Vista Development Sdn Bhd and IWH CREC Sdn Bhd to collaborate on developing an integrated transportation terminal at Bandar Malaysia, intends to do better than the flagship KL Sentral project in its future projects.

MRCB executive director Mohd Imran Mohd Salim, who spoke to StarBiz following the signing of three agreements related to the multi-billion-ringgit Bandar Malaysia project, said the company was planning to negotiate with the master developer for 60 acres – “hopefully more” – for the development of various commercial development other than just the transport terminal.

IWH CREC – a joint venture between Iskandar Waterfront Holdings Sdn Bhd and China Railway Engineering Corp (CREC) – owns a 60% stake in Bandar Malaysia Sdn Bhd, the master developer and owner of Bandar Malaysia, with the Finance Ministry owning the remainder stake.

http://www.thestar.com.my/business/b...port-terminal/
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Old June 17th, 2016, 05:42 AM   #42
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Originally Posted by nazrey View Post

Quote:
Friday, 17 June 2016
Bandar Malaysia JV secures funding
BY AFIQ ISA

Najib announces incentives for master developer of Bandar Malaysia
Palm extends losses to hit 5-month low on weak demand
KUALA LUMPUR: The Bandar Malaysia Fund will accelerate the development of the major city centre project, which has a gross development value of RM200bil and will be built over 15 to 25 years, according to Iskandar Waterfront Holdings Sdn Bhd (IWH) group executive vice-chairman Tan Sri Lim Kang Hoo.

A consortium comprising four local banks and four international banks with a combined asset base exceeding US$13 trillion has set up the new fund to finance the development of the Bandar Malaysia project in the southern fringes of the capital’s central business district.

“The consortium will provide funding for buildings, infrastructure, hotels and anything else in Bandar Malaysia. Our partners have already outlined all the financial needs for each phase of the project,” he told reporters after a signing ceremony for the Bandar Malaysia project here.

The Bandar Malaysia fund, which will finance development and construction works, is backed by some of the largest banks in the world. Participating international banks include the Bank of China, Industrial and Commercial Bank of China, China Construction Bank, and Hong Kong and Shanghai Banking Corp.
http://www.thestar.com.my/business/b...cures-funding/
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Old June 17th, 2016, 05:45 AM   #43
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Bandar Malaysia a top destination

KUALA LUMPUR: Bandar Malaysia will not only be a place for businesses as there will be a social element with 5,000 affordable homes, says Datuk Seri Najib Tun Razak.

Shareholders Ministry of Finance Inc (MOF Inc) and Iskandar Waterfront Holdings and C.hina Railway Engineering Corporation (IWH-CREC), the Prime Minister said, had committed to build the homes in the first phase of development[/QUOTE]

Last edited by davidwsk; November 5th, 2016 at 04:56 PM.
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Old July 19th, 2016, 12:26 PM   #44
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Tuesday, 19 July 2016 | MYT 2:55 PM
Malaysia and Singapore sign iconic high-speed rail MOU


PUTRAJAYA: Malaysia and Singapore have signed a Memorandum of Understanding on the Kuala Lumpur-Singapore High-Speed Rail (HSR) project, signifying both countries’ commitment towards this iconic project.

The MoU was signed by Minister in the Prime Minister’s Department Datuk Abdul Rahman Dahlan and Singapore’s Coordinating Minister for Infrastructure and Minister for Transport Khaw Boon Wan.

It was witnessed by Prime Minister Datuk Seri Najib Tun Razak and Singapore Prime Minister Lee Hsien Loong.

The HSR project, targeted for commercial operations in 2026, will have eight stations namely Bandar Malaysia, Putrajaya, Seremban, Ayer Keroh, Muar, Batu Pahat, Iskandar Puteri and Singapore.

The 350km rail would reduce travel time between the two countries to just 90 minutes, with speeds of over 300km per hour.

Both governments will call for open international tenders in August 2016 to appoint a joint development partner - Bernama
http://www.thestar.com.my/business/b...peed-rail-mou/
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Old August 27th, 2016, 10:30 AM   #45
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http://www.1mdb.com.my/sites/default.../hrimg/bm3.jpg
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Old November 5th, 2016, 04:56 PM   #46
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Originally Posted by nazrey View Post
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Old November 5th, 2016, 04:57 PM   #47
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U/C soon

http://www.channelnewsasia.com/news/....html?cid=FBia

Quote:
World's largest underground city at KL terminal to be 'gem' on China's rail corridor

KUALA LUMPUR: The Kuala Lumpur terminal of the Singapore Malaysia high speed rail, which will feature what has been billed as the world’s largest underground city, will serve as “a glittering gem” on the ambitious China Pan Asia rail network, a China Rail Group official said.

In an interview with Channel NewsAsia documentary The Maritime Silk Road, the consortium developing the Bandar Malaysia site revealed more details and artists’ impressions of plans for the new transport hub.

They include a shopping mall, canals inspired by the likes of the Marina Bay Sands, indoor theme parks, cultural villages, indoor gardens, a financial centre, and the US$2-billion regional headquarters of the China Railway Group. The episode airs Tuesday (Oct 25) at 8pm,

Mr Cai Zemin, general manager for China Railway’s Malaysia office, said: “Bandar Malaysia will be a glittering gem on China’s rail corridor. China’s rail corridor will link Southeast Asia with East Asia, West Asia and South Asia.”

State-owned China Railway and Iskandar Waterfront Holdings (IWH) make up the consortium that bought over 60 per cent of the Bandar Malaysia land parcel formerly owned by troubled state investor 1Malaysia Development Berhad.

Bandar Malaysia - which will be KL’s new integrated transport hub featuring bus and other rail links – is expected to have a gross development value of RM160 billion, and will be completed over the next 20 years, said IWH chairman Lim Kang Hoo.

The consortium has sent teams to Montreal to study how the Canadians built an underground city that is used by more than half a million citizens every day during winter.

ADVANTAGES FOR ASEAN

China Railway has said it is in discussions with the Thai government to build a high speed rail connecting Bandar Malaysia to Bangkok.

From Bangkok, the plan is for the track to connect to Laos, then to Kunming in China, as well as westward to Yangon and eastward to the capitals of Vietnam and Cambodia.

Serving as the regional centre for this China Pan Asia rail masterplan - which is part of China’s grand plan to link up 65 countries in a modern-day Silk Road - will be Bandar Malaysia.


A cultural street at the underground city. (Artist's impression: IWH)

Malaysia’s Second Minister for International Trade and Industry Ong Ka Chuan told Channel NewsAsia: “If ASEAN countries can work together under China’s New Silk Road policy, and we can link up our rail and port infrastructure with China, there are a lot of advantages.”

CHINA’S EDGE IN HSR TENDER?

The Singapore Malaysia high speed rail will link the city-state and Kuala Lumpur in 90 minutes at an expected cost of S$15 billion. Several countries have expressed interest in the tender to build the 350km line, including South Korea, Japan and China, which has made recent massive investments in Malaysia.

China has “some advantage” in securing the deal, said Mr Ibrahim Suffian, Director of the Merdeka Center for Opinion Research, because of the ties built between Chinese investors and Malaysian government agencies.

“Other countries such as Japan may have the technology. But in Malaysia, it is more than the technology - the government will look at the relationship between the two countries,” he said.

Last month, it was announced that Singapore and Japan – which are marking 50 years of diplomatic ties - would set up a high-level committee to explore cooperation in transport and infrastructure, including the high speed rail project. Japan is banking on its safety record and quality to clinch the rail project.

The underground city at Bandar Malaysia. (Artist's impression: IWH)

Meanwhile, China and Malaysia have an extensive rail partnership. In August 2015, China opened its first overseas “railway factory” in Malaysia in the town of Batu Gajah. The huge facility manufactures trains for KL’s light rapid transit network.

While Bandar Malaysia and the high speed rail are two different projects managed by separate entities of the federal government, some analysts have noted that being involved in developing the hub could allow an entity to average down the cost of the building the rail.
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Old February 8th, 2017, 03:08 AM   #48
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Old March 23rd, 2017, 04:53 AM   #49
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Quote:
Thursday, 23 March 2017
Digital zone: Paving the way to mega trade growth

BY HO WAH FOONandSIM LEOI LEOI



For a brighter future: Prime Minister Datuk Seri Najib Tun Razak and Jack Ma beating the drum at the launch of the Digital Free Trade Zone in Kuala Lumpur. With them are (from left) Communications and Multimedia Minister Datuk Seri Dr Salleh Said Keruak, International Trade and Industry Minister Datuk Seri Mustapa Mohamed and Catcha Group’s CEO Patrick Grove. — FAIHAN GHANI/The Star

KUALA LUMPUR: Datuk Seri Najib Razak and Alibaba Group’s founder Jack Ma have launched the much-anticipated Digital Free Trade Zone (DFTZ), expected to generate trade worth US$65bil (RM286bil) by 2025.

The DTFZ, mooted by the Prime Minister under Budget 2017, aims to create 60,000 jobs by then and double the export growth of small and medium-scale enterprises (SMEs).
..

He said by pushing the DFTZ – the first outside China and only second in the world – Malaysia could bring SMEs, micro businesses, warehousing facilities and logistics and the likes in one place, and increase trade with Asean and the world.

The DFTZ will also see the creation of a new Kuala Lumpur Internet City (KLIC) in Bandar Malaysia, with Catcha Group made its master developer.
Read more at http://www.thestar.com.my/news/natio...UVWEKlqW6pR.99
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Old April 4th, 2017, 06:39 PM   #50
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Project started!

Quote:
Six RDC contracts awarded: MyHSR
Posted on 4 April 2017 - 05:36am
[email protected]

PETALING JAYA: MyHSR Corp Sdn Bhd has awarded the reference design consultant (RDC) contracts for the Kuala Lumpur-Singapore High Speed Rail (HSR) project, after an international open tender process, which began in August 2016.

The six contracts have been awarded to Systra S.A., Jacobs Engineering Services Sdn Bhd, Ranhill Consulting Sdn Bhd, HSS Integrated Sdn Bhd (HSSI) and AECOM Perunding Sdn Bhd.

The overall scope of work includes international stations at Bandar Malaysia and Iskandar Puteri; five domestic stations at Putrajaya, Seremban, Malacca, Muar and Batu Pahat; and the alignment civil works from Bandar Malaysia station to the International Border between Malaysia and Singapore.
http://www.thesundaily.my/news/2215396
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Old May 5th, 2017, 08:36 PM   #51
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The Finance Ministry's (MoF) decision to call off a deal to sell a 60 percent stake in Bandar Malaysia could be attributed to the "huge discrepancies in expectations" from both sides, in part due to Malaysia’s inability to fulfil its Chinese counterpart’s “shopping list”, according to The Star.

The terms proposed by the Chinese included the expectation that Malaysia would “try its best” to help China win the high-speed rail (HSR) project linking Kuala Lumpur and Singapore.

“There were many differences in the detailed terms between the Chinese and MoF officers. The Chinese side has come out with a shopping list for Malaysia to fulfil, but Malaysian officers cannot commit to many of the proposed terms due to national interest and social reasons,” said the source.

“China said it had done its part in 2015 to help Malaysia overcome its financial problems during critical times. Now Malaysia must play its part to ensure the Chinese investment in Bandar Malaysia gets maximum returns,” added the source.

The buyers for the RM7.41 billion deal were Johor-based Iskandar Waterfront Holdings (IWH) and China Railway Engineering Cooperation (CREC), which is controlled by the Chinese government.

TRX City Sdn Bhd, which is owned by the MoF, said in a statement on Wednesday that the share sale agreement (SSA) entered into on Dec 31, 2015 with the consortium had lapsed.

Prime Minister Najib Abdul Razak was supposed to visit the Bandar Malaysia site on May 3 but the event was abruptly cancelled.

The Bandar Malaysia deal was previously touted as part of the 1MDB rationalisation plan to pare down its debt.

The 486-acre prime land in Sungai Besi had been transferred and placed under the MoF.

The deal had been seen as leverage for CREC to get the HSR contract, as Bandar Malaysia hosts the HSR terminus on the Malaysian side, reported The Star.

"The HSR project is only one of the elements. The other disagreements centred on the ownership and operation of the HSR terminus, and the macro design and concept for the development of Bandar Malaysia.

“Malaysian officers could not agree to proposals that the HSR be owned by China, as it will be against national interest to allow strategic assets to be owned by foreigners. But to the Chinese, you would have to sort these things out yourself,” said the source.

Najib is scheduled to meet with Chinese Premier Li Keqiang on May 13 to sign some deals and will attend the Belt and Road Summit in Beijing on May 14 and 15.

If the deal cannot be rescued, it will cast doubt on the viability of Bandar Malaysia as a development project, reported the daily.

Chinese negotiations

Meanwhile, Nanyang Siang Pau quoted a source as saying that Chinese officials will arrive in Malaysia today to negotiate with their Malaysian counterparts on the Bandar Malaysia deal.

The source told the Chinese business daily that China is not willing to lose the opportunity to supply construction material and techniques to Malaysia, as this will boost China's downstream industries in a foreign country.

This is in spite of the Chinese government’s alleged refusal to authorise CREC's deal with IWH to acquire the stake in Bandar Malaysia, as reported by the Wall Street Journal yesterday.

Read more: https://www.malaysiakini.com/news/381294#ixzz4gE8F6anR
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Old May 14th, 2017, 08:01 AM   #52
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Sunday, 14 May 2017
Wanda interested in Bandar Malaysia


BEIJING: Dalian Wanda Group, owned by China’s richest man Wang Jianlin, has expressed “desire” to participate in the Bandar Malaysia development.

The Wanda chairman told reporters that the investment would be “really huge”, estimating it at more than US$10bil (RM44bil).

“While we have not reached an agreement yet, I am here expressing my stance,” he said at a joint press conference with Prime Minister Datuk Seri Najib Tun Razak at the Sofitel Beijing Hotel owned by Wanda Group.

“Wanda has confidence in the investment environment of Malaysia and its future prospects, and we are willing to share our experiences with Malaysia to build a one-of-its-kind mega integrated cultural and tourism project,” he said after meeting Najib for over an hour.
Read more at http://www.thestar.com.my/news/natio...2mjHRQAAIBc.99
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Old June 22nd, 2017, 12:21 PM   #53
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Wednesday, 21 June 2017 | MYT 6:55 PM
MoF to issue RFP for Bandar Malaysia project by end of this week


SUBANG JAYA: The Finance Ministry (MoF) will issue a request for proposal (RFP) by the end of this week for parties interested in participating in the Bandar Malaysia project, said secretary-general Tan Sri Irwan Serigar Abdullah.

Irwan, who is chairman of TRX City Sdn Bhd and Bandar Malaysia Sdn Bhd, said under the RFP, the MoF would set new criteria and conditions for companies to participate.

“There are already interested parties registering their interest, but we are releasing the RFP with certain conditions this time around, such as renowned companies with much experience or may be those in the Fortune 500 list, “ he told reporters at the launch of the inaugural ColossusINNO2017 competition on Wednesday.
Read more at http://www.thestar.com.my/business/b...QBx1ZgRYdLe.99
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Old November 1st, 2017, 04:46 PM   #54
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BANDAR MALAYSIA HSR STATION LOCATION

SOURCE: http://www.myhsr.com.my/kl-sg-hsr/public-inspection

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