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Saturday, November 5, 2011

MPCorp to begin works on city in Iskandar soon

PETALING JAYA: Malaysia Pacific Corp Bhd (MPCorp) hopes to start civil construction works for its flagship project in Iskandar Malaysia by the first quarter next year, starting with the infrastructure surrounding its Asia Pacific Trade and Expo City (APTEC).

Speaking on the sidelines of the World Chinese Economic Forum, chairman Datuk Bill Ch’ng the company would collaborate with the Government to integrate and build the infrastructure and amenities like roads, rails and highways that would connect to the city.

He said the investment for APTEC, one of Iskandar Malaysia’s flagship projects, was about RM2.9bil from the total investment of RM4.5bil in the Lakehill Resort City.

“We are still in the midst of discussion with different investors and it will be partly funded by AmanahRaya,” he said.

APTEC and the LakeHill Resort City are developed by LakeHill Resort Development Sdn Bhd, a joint-venture between MPCorp and AmanahRaya Development Bhd.

Ch’ng said the development of APTEC, which was envisioned to be a major trading hub in the region for manufacturers and buyers alike, would not be undertaken on a piecemeal basis.

By The Star

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