Lim said IWH looks forward to tapping into Shahril’s wealth of experience in various sectors, adding that with the announcement by the governments of Malaysia and Singapore agreeing to the implementation of the RTS Link project, IWH is expected to benefit from all the upcoming projects and developments in Johor.
Straits Developments Pte Ltd chief executive officer Eric Teng said spanning 16.19 hectares on the prime seafront central business district in Butterworth, Straits City would comprise an integrated mix of residential, retail, hotel and commercial components, which is expected to be fully developed by 2038.
Wee wrote further that following the visit by Prime Minister Datuk Seri Ismail Sabri Yaakob to meet the Thai Prime Minister in February this year, “we have also initiated talks on a proposed HSR project linking Bangkok and Kuala Lumpur as mooted by our respective prime ministers”.
Penang Chief Minister Chow Kon Yeow said the project involves about 20 hectares of reclaimed land at Gurney Drive, which would become the latest attraction in Penang and give economic added value and spillover.
The Building Material Cost Index (BCI) without steel bars and with steel bars has increased for all building categories between 0.1 and 3.6 per cent in April 2022 with Peninsular Malaysia between 0.6 and 3.4 per cent, Sabah between 0.1 and 2.4 per cent and Sarawak between 0.8 and 3.6 per cent, said the Department of Statistics Malaysia (DoSM).
The value of construction work done in the first quarter (Q1) of 2022 contracted 6.1 per cent on a year-on-year basis to RM29.5 billion, the Department of Statistics Malaysia (DOSM) said.
Johor Menteri Besar Datuk Onn Hafiz Ghazi said there were seven smart city components that had been outlined, namely Smart Government, Smart People, Smart Economy, Smart Living, Smart Mobility, Smart Environment and Smart Digital Infrastructure.
The 665km rail network, which includes 59 tunnels, is estimated to cost RM50.27 billion and will traverse four states, namely Kelantan, Terengganu, Pahang and Selangor.
Transport Minister Datuk Seri Dr Wee Ka Siong said Terengganu PKR chairman Azan Ismail's claim that ECRL fares were up to six times higher than airfares were speculative and unsubstantiated.
State Tourism and Creative Economy Committee chairman Yeoh Soon Hin said for this, many parties such as the Ministry of Tourism, Art and Cultural (Motac), the Ministry of Housing and Local Government and local councils would need to be involved.