MRT Corp inks deal with Jalan Sultan landowners

KUALA LUMPUR: MRT Corp has signed Points of Agreement (POA) with the owners of six lots of land in Jalan Sultan, including that of a budget hotel, for the development of the MY Rapid Transit (MRT) project.

The POA will form the basis of an agreement that will offer mutually beneficial solutions to both parties.

The terms of the POA that will be incorporated into the mutual agreement include the withdrawal of land acquisition upon the signing of the mutual agreement and a "no demolition of existing buildings" guarantee.

Also in the POA is the relocation of occupants of those buildings during the tunnelling works for a maximum of six months and having land titles endorsed with a statement to recognise the tunnel beneath these properties.

Fair compensation will also be paid for any inconvenience caused and the loss of profits during the stipulated tunnelling period.

"We are grateful for the owners' trust in MRT Corp and their response to our offer," said MRT Corp chief executive officer Datuk Azhar Abdul Hamid.

"This agreement indicates significant progress in getting the MRT project up and running and according to schedule," he added.

MRT Corp recently signed a POA with Bungsar Hill Holdings Sdn Bhd, owner of several lots of land, including the car park in front of Help University in the Pusat Bandar Damansara, for the construction of the Pusat Banda-raya Damansara MRT station's ticketing area and park-and-ride facilities.

In November last year, MRT Corp signed a similar pact with the owners of 21 lots of land in Jalan Inai.

By Business Times