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Friday, January 11, 2008

Work on Lido Boulevard to start after CNY

JOHOR BARU: Work on the RM2.7bil Lido Boulevard, the latest waterfront project within the Iskandar Development Region (IDR), is set to commence after Chinese New Year.

The developer, Central Malaysian Properties Sdn Bhd (CMP), will start mobilising construction equipment and manpower at the project site along Lido Beach here in March.

In a statement, CMP managing director Datuk Chan Tien Ghee said: “The pre-qualification of contractors saw more than 130 international firms submit bids for the project. This is a clear indication that the IDR is drawing wide attention.”

Lido Boulevard is one of the biggest private finance initiatives along the Lido waterfront after the Danga Bay development.

The project is a joint venture between CMP and Johor State Secretary Inc, an investment holding company of the Johor government that is also the land owner.

Chan said CMP would spend RM150mil over the next two years to upgrade all road infrastructure on site. This included expanding Jalan Abu Bakar (Jalan Skudai) into a dual three-lane carriageway.

Lido Boulevard will help rejuvenate Johor Baru and transform it into an exciting city with a myriad of leisure and recreational public facilities,” he said.

By The Star

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