Bandar Malaysia

Bandar Malaysia is a 486-acre mixed-use, transit-oriented development (TOD) by 1Malaysia Development Berhad (1MDB) located at Kuala Lumpur, Malaysia. This project will be built at the current Sungai Besi Airport site.[1][2] It is planned as a central transport hub connecting high-speed rail to Singapore (namely KL HSR), Mass Rapid Transit, KTM Komuter, Express Rail Link (ERL) and 12 other highways.

Background

In 28 May 2011, Bandar Malaysia project was announced by Malaysia 6th Prime Minister, Dato' Sri Najib Razak with a public-private partnership (PPP) model. The project has an estimated cumulative gross development value (GDV) of RM 150 billion.[2] Master planner appointed for architecture drawing was Skidmore, Owings & Merrill (SOM).[3]

With this development, the current Sungai Besi Airport which act as Royal Malaysian Air Force (RMAF) airbase is re-allocated to Sendayan, Negeri Sembilan for RM 2.7 billion which part of it, RM1.1 billion is funded by the government and the rest by 1MDB. This reallocation project is managed by Perbadanan Perwira Harta Malaysia (PPHM), a subsidiary of Armed Forces Fund Board Malaysia or known as Lembaga Tabung Angkatan Tentera (LTAT).[2]

In December 2015, 1MDB sold 60% stake of Bandar Malaysia to the consortum of IWH-CREC Sdn Bhd (ICSB) which consist of Tan Sri Lim Kang Hoo's Iskandar Waterfront Holdings Bhd (IWH) and China's China Railway Engineering Sdn Bhd (CREC) for RM 7.41 billion. However the deal feel apart in 3 May 2018 with the reason of failure to meet payment obligations announced by Ministry of Finance of Malaysia (who owned 1MDB).[2][4]

In May 2017, Dato' Sri Najib Razak visited to Beijing, China for One Belt One Road Forum. In a joint conference at Sofitel Beijing Hotel with Wanda Dalian Group, Wanda Dalian Group expressed deep interest to participate in Bandar Malaysia but abandoned its interest months later.[5][6][7]

In July 2017, Ministry of Finance launched a request for proposal (RFP) 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.[4][8][9]

Proposed interchange

See also

References

  1. ↑ http://www.theedgemarkets.com/article/turkey-year-bandar-malaysia-flipflop
  2. 1 2 3 4 https://www.themalaysianinsight.com/s/3072/
  3. ↑ https://www.thestar.com.my/business/business-news/2010/07/19/1malaysia-development-picks-project-partners/
  4. 1 2 http://www.freemalaysiatoday.com/category/nation/2017/08/10/real-reason-japanese-chinese-firms-want-bandar-malaysia-project/
  5. ↑ https://www.straitstimes.com/asia/se-asia/chinas-wanda-in-talks-to-develop-bandar-malaysia-project
  6. ↑ http://www.scmp.com/business/companies/article/2104005/wanda-scraps-bid-develop-bandar-malaysia-rail-project
  7. ↑ https://www.nst.com.my/news/nation/2017/05/238833/malaysia-ready-discuss-bandar-malaysia-master-developer-role-dalian-wanda
  8. ↑ https://www.straitstimes.com/asia/se-asia/kl-seeks-new-master-developer-for-bandar-malaysia-project
  9. ↑ http://www.freemalaysiatoday.com/category/nation/2017/12/13/were-still-negotiating-on-bandar-malaysia-says-irwan/
  10. ↑ https://www.thestar.com.my/metro/community/2015/02/12/linking-up-railway-tracks-adjustments-being-made-to-integrate-mrt-with-klsingapore-route/

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