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Old October 7th, 2006, 04:33 PM   #1
pedang
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Marine City Development - US$6bil project

Marine City project in Q1 2007

BY ANGIE NG

PETALING JAYA: Tanjung Ru Marine City Sdn Bhd (TRMC) plans to launch its Marine City development in Pulau Carey, Selangor, by the first quarter next year.

Located on 6,780 acres, the project – which is expected to yield a total gross development value of US$6bil – will take 20 years to complete.


Mohd Nizer Abdullah showing the plans for the project

TRMC has secured a few foreign partners – Connel Wagner International of Australia, World Ace Country Club of Japan, Saha Regal Best Co Ltd of Thailand and Beijing Zhongjing Sybo Technology Co Ltd of China – to jointly develop Marine City.

Connel Wagner is one of Australia’s largest engineering consultancy and construction firms, while Saha Regal Best is involved in oil refinery in Sri Lanka.

Beijing Zhingjing Sybo is involved in the construction of stadiums for the 2008 Olympic Games in China, while World Ace Country Club owns and operates golf clubs in Japan.

According to Saha Regal Best regional director Mohd Nizer Abdullah, the foreign partners had secured funding for the project and Castlepines Corp Australia had agreed to finance up to US$800mil for the infrastructure and other preliminary works.

“The partners, who have well-established practices in their home countries, are eager to take part as they see good potential for the Marine City project,” he told StarBiz.

Nizer said Connel Wagner had been appointed lead engineer for the project and would kick off infrastructure work in January.

He also said negotiations were under way for Saha Regal Best, an investment holding company headquartered in Hong Kong, to acquire TRMC.

“When all the approvals have been granted, the Selangor government or its subsidiary will be allocated a 20% share in the company.

“TRMC has completed the master plan proposal and a major part of the feasibility studies for the project. The Marine City project has received the support of the Federal and state governments,” he added.

Phase one, which will take three to five years, will comprise a marine education research and training centre, marine convention and trade centre, a five-star hotel with marina, a commercial centre and waterfront golf course resort and residences.

Phase two will feature an aborigine cultural centre, a government marine centre and an eco-tourist centre, while phase three will feature a city centre with shops, offices and a shopping complex, a festival market, service apartments and a maritime museum.

Phase four will have mixed residential development, a dockyard centre and neighbourhood commercial centre.
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Old October 8th, 2006, 04:27 PM   #2
James Foong
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Anyone to believe this sort of announcement?
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Old October 10th, 2006, 12:08 AM   #3
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Never trust a RM 6 Billion proposal report seen on a RM 3.20 cheap plastic bind (look at the pic)- Malaysia has seen too many of this grand 'mega project' which withers away after a few week of euphoria or at least then the first earth works started....
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Old October 10th, 2006, 07:24 AM   #4
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US$6 billion or RM 6 billion???
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Old November 18th, 2006, 06:48 PM   #5
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any pic's of this project
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Old May 18th, 2007, 05:02 PM   #6
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Quote:
Originally Posted by pedang View Post
[B][SIZE="5"] Nizer said Connel Wagner had been appointed lead engineer for the project and would kick off infrastructure work in January.
So, any work sighted around the site? Its mid may now, and i don hear any news about it.
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Old May 19th, 2007, 04:06 AM   #7
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That guy that appeared on the above photo also been appeared when the launch of some Sepang sea side projec? don't know the project name.
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Old May 19th, 2007, 08:11 AM   #8
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just cheap publicity i guess
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Old May 19th, 2007, 08:20 AM   #9
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Would You Trust Him With A US6Bil Project!!!

[QUOTE=pedang;10065833]Marine City project in Q1 2007
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Old May 21st, 2007, 02:54 AM   #10
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[QUOTE=dengilo;13251859]
Quote:
Originally Posted by pedang View Post
Marine City project in Q1 2007
Q1? Now is entering Q2 liao....
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Old May 25th, 2007, 01:42 PM   #11
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Emm him??In the same breath a US$6bil project NOT!!

[IMG][/IMG]
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