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Friday, October 9, 2009

MRCB to recoup IT spending on Sentral Park in 3 years

KUALA LUMPUR: Malaysian Resources Corp Bhd (MRCB), which expects to invest up to RM36mil to deploy integrated information technology (IT) solutions at KL Sentral Park, sees a return on investment in less than 36 months.

Group managing director Shahril Ridza Ridzuan said the IT solutions constituted about 5% of the RM720mil gross development value for the project, which is situated within the KL Sentral enclave.

KL Sentral Park, which is scheduled to be completed by 2011, is the first pilot project utilising the Cisco Smart+Connected Communities framework and involves integrating Cisco’s end-to-end technology and building solutions.

Shahril said the deployment of such infrastructure would raise the value of the project and deliver savings for the company.

“We expect to have additional revenue from services and lower operating costs in terms of return on investment,” he said after a tripartite memorandum of understanding signing ceremony between Cisco Malaysia, MRCB Land and Datacraft Advanced Network Services Sdn Bhd yesterday.

Shahril said the move was part of MRCB’s plan to incorporate state-of-the-art technologies in all its property developments under MRCB Land to promote sustainable, green and smart urban development practices.

“In terms of operating costs, we expect savings of 10% to 15%, mostly in energy,” he said.

The deployment of the IT solutions are expected to increase services revenue by 30% to 40%.

Shahril said MRCB was also looking at implementing similar comprehensive IT solutions at its other transport hubs, particularly Penang Sentral.

As the prime systems integrator, Datacraft will lead the project management and deployment of solutions for KL Sentral Park.

These include a core multiple Internet Protocol platform to integrate information and communications technology, and building automation networks.

By The Star

MRCB connects with Cisco, Datacraft

MALAYSIAN Resources Corp Bhd (MRCB), Cisco Malaysia and Datacraft Advanced Network Services Sdn Bhd have teamed up to provide information, technology and communications (ICT) connectivity starting at Lot E of KL Sentral Park in Kuala Lumpur Sentral.

MRCB group managing director Shahril Ridza Ridzuan said for the ICT initiative, the group has allocated 5 per cent out of KL Sentral Park's total gross development value of RM720 million, which is expected to be completed in 2011.

"This smart partnership is expected to raise the value of KL Sentral Park and deliver significant savings on MRCB's operational and capital expenses as ICT will improve efficiency and also drive revenue streams and benefit consumers.

"It will also increase service revenues up to 40 per cent and provide a return on investment in less than three years," Shahril told reporters in Kuala Lumpur yesterday.
Under a memorandum of understanding between the three companies, MRCB's property division MRCB Land, as property owner, has tasked Datacraft as the ICT systems integrator and project management leader to allow easy integration of ICT and building automation network.

Cisco acts as the ICT infrastructure provider throughout KL Sentral Park and the project will provide free Wifi connections for KL Sentral Park's tenants and patrons.

Shahril said the success of this model will determine the adoption of a similar concept in MRCB Land's future development. The group also has property hubs in Penang and Malacca.

By Business Times (by Zaidi Isham Ismail)