Bandar Malaysia
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Bandar Malaysia is a 486-acre mixed-use,
The development, in fact, had been initially expected to kick-off in March 2020 but was delayed by the pandemic.[4] A source had expressed their confidence that the project will be resumed at a later date, given the uncertainties brought about by the current COVID-19 pandemic outbreak in the country.[3]
Background
On 28 May 2011, Bandar Malaysia project was announced by Malaysia's 6th
With this development, the current
In December 2015, 1MDB sold 60% stake of Bandar Malaysia to the consortium of IWH-CREC Sdn Bhd, which consists of Tan Sri Lim Kang Hoo's Iskandar Waterfront Holdings Bhd and China's China Railway Engineering Sdn Bhd for RM 7.41 billion. However the deal fell apart on 3 May 2016 with the reason of failure to meet payment obligations announced by Ministry of Finance of Malaysia (which owned 1MDB).[2][6]
In May 2017,
In July 2017, Ministry of Finance launched a request for proposal and up to seven Chinese and two Japanese companies have submitted proposals said to be valued between RM30 billion and RM43 billion for the Bandar Malaysia project but no further elaboration were made by the Ministry of Finance.[6][10][11]
On 14 July 2021, it was announced the deal between China Railway Engineering Corp and Iskandar Waterfront Holdings will not proceed given the deal lapsed on 6 May with failure to meet conditions.[12]
Proposed interchange stations
- MRT
- ERL (proposed)
- Kuala Lumpur–Singapore high-speed rail (proposed)
- KTM ETS (proposed)
- KTM Komuter Seremban Line(proposed)
- BRT (shelved)
See also
References
- ^ "Turkey Of The Year: The Bandar Malaysia flip-flop". The Edge Markets. January 1, 2018.
- ^ a b c d "What's the big deal about Bandar Malaysia? A lot | The Malaysian Insight". www.themalaysianinsight.com.
- ^ a b "Hiatus for Bandar Malaysia project". The Star. Retrieved 2021-09-20.
- ^ "Bandar Malaysia – a city of two tales | The Star". www.thestar.com.my. Retrieved 2020-10-14.
- ^ "1Malaysia Development picks project partners | The Star". www.thestar.com.my.
- ^ a b Reporters, F. M. T. (August 10, 2017). "Real reason Japanese, Chinese firms want Bandar Malaysia project".
- ^ "China's Wanda in talks to develop Bandar Malaysia project". The Straits Times. May 9, 2017.
- ^ "China's Dalian Wanda scraps bid for Bandar Malaysia project". South China Morning Post. July 25, 2017.
- ^ Ling, Chok Suat (May 13, 2017). "Malaysia ready to discuss Bandar Malaysia master developer role with Dalian Wanda | New Straits Times". NST Online.
- ^ "KL seeks new master developer for Bandar Malaysia project". The Straits Times. May 18, 2017.
- ^ Reporters, F. M. T. (December 13, 2017). "We're still negotiating on Bandar Malaysia, says Irwan".
- ^ "Malaysia's US$1.8 billion mega project with China Railway falls through". CNA. 15 July 2021. Retrieved 16 July 2021.
- ^ "Linking up railway tracks to integrate MRT with KL-Singapore route | The Star". www.thestar.com.my.
- ^ "MASS RAPID TRANSIT LINE 3: CIRCLE LINE PUBLIC OPINION SURVEY". Archived from the original on 2021-09-06. Retrieved 1 September 2021.