Malaysia Property News is a free resource website sharing Daily Property News & information about Property in Malaysia, which related to, Property Market, Property Investment, Commercial Property , Hot Properties Malaysia, Real Estate, Retail Shop, Business Park, Condominium Malaysia, Terraces & Apartment Malaysia, Houses, Residence, Resort and many more.

Friday, June 13, 2008

Work on RM2.7b Lido Boulevard to start by Sept

CENTRAL Malaysian Properties Sdn Bhd (CMP) announced today that it will start work on the RM2.7 billion Lido Boulevard project in Johor Baru by September this year.

In a statement, CMP said the integrated residential-cum-commercial city project will begin with land reclamation which is expected to be completed within 24 months.

The 122-acre Lido Boulevard between State Secretary Incorporated, a Johor state government investment company, and CMP is one of the biggest private finance initiatives to date within the Iskandar Malaysia development corridor.

“When fully developed, the project will completely rehabilitate a major stretch of Lido Beach, often considered an eyesore by locals,” CMP said.

CMP managing director Datuk Chan Tien Chee said the land reclamation would be strictly monitored with stringent measures in place to protect marine life, the coastal environment and the livelihoods of affected fishermen.

By Bernama

No comments: