Min­is­ter: IWH-CREC can bid again if of­fer is right

New Straits Times - - Business -

SHAH ALAM: Iskan­dar Wa­ter­front Hold­ings Sdn Bhd (IWH) and China Rail­way En­gi­neer­ing Corp (CREC) can bid for the Ban­dar Malaysia project again as long as the of­fer is right.

Min­is­ter in the Prime Min­is­ter’s De­part­ment Datuk Seri Ab­dul Rah­man Dahlan said there was no “flip-flop” in the govern­ment de­ci­sion to ter­mi­nate the share sale agree­ment for the project with the IWH-CREC con­sor­tium.

He in­sisted the con­sor­tium did not ful­fil cer­tain con­di­tions.

“The govern­ment is con­sis­tent with its de­ci­sion and we are very clear about that. They were given an ex­ten­sion and we stand by the fact that it was clear that the pre­vi­ous con­sor­tium un­der­stood the govern­ment’s po­si­tion.

“The Prime Min­is­ter (Datuk Seri Na­jib Razak) acted re­spon­si­bly by le­gally ter­mi­nat­ing the con­tract,” said Ab­dul Rah­man dur­ing Ga­muda Bhd’s Tun­nelling Train­ing Acad­emy grad­u­a­tion cer­e­mony, here, yes­ter­day.

Govern­ment-owned TRX City Sdn Bhd said on May 3 its planned sale of a 60 per cent stake in Ban­dar Malaysia project to IWH-CREC was “null and void with im­me­di­ate ef­fect”.

It said IWH-CREC had failed to meet the pay­ment obli­ga­tions un­der the SSA.

Ab­dul Rah­man said the govern­ment had so­licited new bids for the project on a 194ha tract within the old air­port site in Sun­gai Besi as the land value had in­creased.

He added that dur­ing the prime min­is­ter’s trip to Bei­jing, he had made it clear that the new con­sor­tium could in­clude the pre­vi­ous con­sor­tium play­ers as long as the num­bers “add up”.

“What the prime min­is­ter said in Bei­jing was that the new bid­ders (con­sor­tium) may in­clude the pre­vi­ous play­ers. There is no is­sue on that.”

He said the new ten­der would give Malaysia a better deal.

Mean­while, Ab­dul Rah­man called for the use of in­dus­tri­alised build­ing sys­tem (IBS) to be made manda­tory in the con­struc­tion in­dus­try.

He planned to pro­pose this to the Cab­i­net and hoped it would be im­ple­mented in the next three years. “I will be meet­ing the Works and Ur­ban Well-be­ing, Hous­ing and Lo­cal Govern­ment min­istries in two weeks.”

Ab­dul Rah­man said IBS would help stan­dard­ise the sec­tor with the hir­ing of lo­cally-trained skilled work­ers. Beatrice Nita Jay and Soo Wern Jun


Vis­i­tors check­ing out the scale model of the planned Ban­dar Malaysia. The govern­ment has so­licited new bids for the project as its land value has in­creased.

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