KUALA LUMPUR: Malaysian Resources Corp Bhd (MRCB) has been appointed by Kwasa Land Sdn Bhd as the project delivery partner (PDP) to develop the main infrastructure for the new Kwasa Damansara township.
Its wholly-owned subsidiary, MRCB Builders, has signed an agreement with Kwasa Land, a wholly-owned subsidiary of the Employees Provident Fund (EPF) for the PDP appointment.
The PDP's scope of work include project management services in relation to the design, procurement and construction of the main infrastructure work for 1,600 acres of land in the Kwasa Damansara township.
Through this agreement, MRCB Builders will earn a PDP fee based on 5 per cent of the development cost estimated at RM2.2 billion, plus Goods and Services Tax and reimbursable expenses.
Kwasa Land managing director Datuk Mohd Lotfy Mohd Noh said MRCB was selected based on its technical capabilities and experience in delivering large-scale developments and projects as well as its current role as PDP for the LRT Line 3 project.
"With the signing of this agreement, we are optimistic in realising the vision for Kwasa Damansara. Our PDP has vast experience and an excellent track record in major infrastructure works," he said. - New Straits TimesClose