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Wednesday, May 23, 2012

RM4b plan for river projects

EKOVEST Bhd and Malaysian Resources Corp Bhd (MRCB), project delivery partners acting on behalf of the government, plan to call for some RM4 billion worth of tenders by as early as next year to help clean and beautify the Klang and Gombak rivers.

The work is part of the River of Life project.

Minister of Federal Territories and Urban Wellbeing Datuk Raja Nong Chik Raja Zainal Abidin said the cleaning tenders will be out first.

"We have set aside a total of RM3 billion for cleaning and RM1 billion for beautifying. We expect the rivers to be cleaned and certified as Class B (where it is safe to touch) within the next five years," Raja Nong Chik told reporters after launching the Asian Strategy and Leadership Institute (Asli)'s Second National Conference on Greater Kuala Lumpur/ Klang Valley - Towards a World Class Sustainable City here yesterday.

He said at present the river was "toxic".

"Both rivers are at Class 3 or 4, which is very bad," he added.

On Invest KL, Raja Nong Chik said so far two companies from the US and Europe have put in strong interest to invest in Malaysia.

"Last year, we had six; this year so far there are two companies from the US and Europe. I was in Europe in March and received a lot of enquires from companies there interested in the services sector, manufacturing and oil and gas here," he said, without elaborating on the companies.

Meanwhile, Asli chief executive Datuk Dr Michael Yeoh said the conference brought together key experts in city planning and development, policy formulators and decision makers, entrepreneurs and investors, foreign multinational corporations, universities, think tanks and civil society organisations to discuss how the Greater KL/Klang Valley National Key Economic Area will benefit the stakeholders and the business community.

By Business Times

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