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Thursday, August 6, 2009

Funds for Johor Baru rehabilitation, Fed Govt to give RM200m

JOHOR BARU: Iskandar Regional Development Authority (Irda) has agreed to set up a special purpose vehicle (SPV) to rehabilitate Johor Baru city centre.

Mentri Besar Datuk Abdul Ghani Othman, who is also Irda co-chairman with Prime Minister Datuk Seri Najib Tun Razak, said the SPV would come under the state government.

“The Federal Government is allocating RM200mil for the project including cleaning up Sungai Segget which flows along Jalan Wong Ah Fook in the city centre,’’ he told a press conference yesterday.

He was speaking after handing over RM750,000 to the Southern Area Johor Fishermen’s Association and RM15,000 each to four Village Development and Security Communities by Central Malaysian Properties Sdn Bhd, the developer of the RM2.7bil Lido Boulevard waterfront development project near here.

Ghani said the SPV would come out with the project details within the next three months including the designs of fa├žade of the buildings along the street.

He said the 1.6km Jalan Wong Ah Fook would be converted into a pedestrian mall starting from Kompleks Tun Abdul Razak to a pocket garden at Jalan Tun Sri Lanang.

He said vehicles would no longer be allowed to enter Jalan Wong Ah Fook while the existing bus stops and taxi stands along the road would be moved to Jalan Tun Abdul Razak near the railway station.

“The rehabilitation project is part of the Comprehensive Development Plan under Iskandar Malaysia which started in 2006 and ends in 2025,’’ said Ghani.

He said the main objective of the rehabilitation project was to ensure that Johor Baru city centre remained a vibrant place in line with the transformation of Lido Beach into an international waterfront development.

On an unrelated matter, Ghani said the state government was currently negotiating with several local investors including public-listed companies to invest in Johor.

The potential investors are in the property, manufacturing, and oil and gas sectors.

“We are looking at the medium rather than the huge-scale investments as they can take off faster,’’ said Ghani.

By The Star (by Zazali Musa)

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