KUALA LUMPUR: Public Utilities Bhd (PUB) announced on Nov 6 that it has entered into a Rehabilition Agreement with Syarikat Perumahan Negara Bhd (SPNB) through its subsidiary LBCN Development Sdn Bhd (LBCN) to continue and complete construction of part of Phase 1 of Alam Perdana in Bandar Puncak Alam, in Ijok, Selangor.

The development include 2.500 units of low cost apartment, six units of TNB substation, two units of Tadika buildings, two units of surau, one multipurpose hall, 25 units of refuse chambesr and all associated infrastructure works.

LBCN is the owner of the land and in 1999 appointed Vega Builder Sdn Bhd (Vega) as the developer. It subsequently faced financial constraints and was unable to complete the development. SPNB shall bear all cost incurred for the construction and completion of the project from funds allocated by the Ministry of Finance.
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