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Tuesday, May 11, 2010

Naim, CMS and BDA to develop RM1.5bil new township

From left: Datuk William Wei, Datuk Mohidin Ishak and CMS group managing director Datuk Richard Curtis exchanging documents at the MoU signing ceremony on Monday.

KUCHING: Naim Holdings Bhd, Cahya Mata Sarawak Bhd (CMS) and Bintulu Development Authority (BDA) have formed a joint venture (JV) to develop the proposed Samalaju new township, which is estimated to cost at least RM1.5bil.

Located within Sarawak Corridor of Renewable Energy, the project will comprise residential developments, schools, clinics, commercial centres and recreational facilities for about 50,000 people.

Naim has a 60% stake in the JV while CMS and BDA hold 30% and 10% respectively. BDA is the state agency tasked with the planning and development of Bintulu.

Naim executive director Datuk William Wei said the proposed new township, which would span more than 2,200ha, would be located about 15km north of the proposed Samalaju Industrial Park where energy-intensive industries would be sited.

He said at least 5,000 units of houses would be built in the new township.

“The JV (vehicle) will also develop and operate world class facilities for executives employed by the various industries,” he told reporters after the signing of a memorandum of understanding for the JV yesterday.

The houses and facilities are expected to be completed by the first quarter of next year.

BDA general manager Datuk Mohidin Ishak said construction work for the proposed plants for some of the energy-intensive industries in Samalaju Industrial Park would start next year.

Sarawak Aluminium Company Sdn Bhd' aluminium smelter and Japan's Tokuyama Corp polycrystalline silicon plant will be located at Samalaju Industrial Park.

Hong Kong-based Asia Minerals Ltd has also proposed to build a manganese smelting factory at the industrial park.

By The Star

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