Prasarana earmarks second property development project

By the railway: Prasarana’s second property project will be located on two-acre near the monorail station in Brickfield.

PETALING JAYA: Syarikat Prasarana Negara Bhd’s second property development project will be located on a two-acre site near the monorail station at Jalan Tun Sambanthan in Brickfields.

Group managing director Datuk Shahril Mokhtar said although there was an abandoned building on the land in question, Prasarana planned to carry out a mixed development project.

“Although the area is not that big, it is worth developing as it is sitting on prime land. The tender will be out next month,” he told reporters after a site visit of the light rail transit (LRT) extension project by Land Public Transport Commission chairman Tan Sri Syed Hamid Albar yesterday.

Going forward, Prasarana has identified a few locations for possible property projects along its Ampang and Kelana Jaya lines.

“We are also identifying a few locations along the extension of both the LRTs for property development and we will make due announcement when everything is finalised.”

Prasarana’s first property development along its rail line was on the site of the Dang Wangi LRT station which has a gross development value of about RM220mil.

A joint-venture between Crest Builder Holdings Bhd’s unit Crest Builder International Sdn Bhd and Detik Utuh Sdn Bhd has won the bid to develop the 2.72-acre area into a mixed commercial development comprising a retail mall, premium serviced residential suites, a hotel and offices above the underground LRT station.

On the LRT extension projects, Shahril said the contract to build the Putra Heights depot would be awarded this week.

“The remaining three contracts comprised of the system for Ampang Line, the card access system for Kelana Jaya Line into Ampang Line and the development of station 10 and 11 for the Ampang Line will be awarded in a month or two.

“The total contract value for the remaining four contracts is about RM1bil,” he said.

Prasarana has awarded contracts worth RM4.5bil for the extension project to-date.

On its rolling stock for the two LRT lines, Shahril said for the purchase of 14 sets of new four-car train, refurbishment and the coupling of the current two-car set into a four car set would cost no less than RM500mil.

“For Ampang Line, we have awarded a contract to a Chinese company to build 20 sets of six-car train. We are in final negotiations stage,” he said.

Prasarana is a wholly-owned Government company established by the Finance Ministry, to facilitate, undertake and expedite public infrastructure projects.

By The Star (by Sharidan M. Ali)