Private players interested in part-funding MRT3 Circle Line, MRT Corp now reviewing several PFI proposals
MRT Corp has issued updates on the MRT3 Circle Line project, which is in the process of being revived to complete the Klang Valley’s rail network. The loop line was given the green light to proceed in April, with the government looking at private sector participation and financing in a “hybrid” system.
Following the briefing session on the project in April, MRT Corp has received several Private Funding Initiative (PFI) propositions for MRT3. MRT Corp CEO Datuk Mohd Zarif Hashim says it is still evaluating the merits of the PFI scheme.
“In view of this, MRT Corp needs to adjust the timeline for the tender process for the first package of the project. MRT Corp will announce the new date for the calling of the tender in the future,” he said. It was earlier said that the tender process will start in August.
Zarif added that the Request For Information (RFI) exercise that started on April 9 has been completed. Over 40 submissions by “major players of the construction industry in Malaysia” were received when the submission period ended on May 25.
“We have engaged the players who participated in the RFI and we have provided them with feedback on the information given,” the MRT Corp chief said, explaining that the RFI exercise was to enable MRT Corp to gauge the interest, capacity and capability of local players of construction industry in relation to the project. The info will also help MRT Corp in establishing the best structure for the MRT3 project.
It was revealed in April that MRT Corp is looking at 30 stations for the Circle Line, including some 10 interchanges with existing rail lines. Some of the proposed stations are Bukit Kiara, INTAN (National Institute of Public Administration), Sri Hartamas, Mont Kiara, Jalan Duta, Matrade, Jalan Kuching, Sentul West, Sentul East, Ayer Panas, Semarak, Setiawangsa, Ampang Point, Desa Pandan, Pandan Indah, Taman Perdana, Taman Midah, Hospital Canselor Tuanku Muhriz UKM (previously known as HUKM), Kuchai Lama, Old Klang Road and Pantai Dalam.
The proposed line will be around 50 km long, and 40% of it will be underground. The project will be built in five phases over 10 years, but each completed phase will be able to operate independently, as the Circle Line links other stations/lines together.
Zarif said in April that MRT Corp aims to use the project as a catalyst to spur the local supply chain and construction players through an “industry development” tender system.
He added that contracts will be awarded based on technological adoption, among others, including the use of the Industrialised Building System (IBS) and Building Information Modelling, modern construction methods that are faster and more sustainable. IBS might reduce foreign worker dependency, as it makes construction easier and safer by being off-site. It’s hoped that this might attract more locals.
MRT3 is for the future, but the MRT Putrajaya Line – formerly known as the Sungai Buloh-Serdang-Putrajaya (SSP) Line – is just around the corner now. The second MRT line will open in November 2021, a three-month delay from its original target of August due to an extension of trial operations as a result of the MCO.
Articles refer from paultan.org
Followed with our FB live session, we advice for those who really in need for survival to take Moratorium. Those who can afford, best dont take the moratorium as it will prolong the tenure longer and pay more interest in the end.
During these EMCO (MCO 3.0), If you not sure on how to apply for a moratorium for 6 months?
Discover 3 ️channels to get it easy and quick:
1. Web Forms
3. Phone call
Applications is open on tomorrow (July 7th).
For financial and guidance advice, contact Agensi Kaunseling dan Pengurusan Kredit (AKPK) via https://services.akpk.org.my
Visit bnm.gov.my/RA for more information.
Having issues with application or contact bank? Let us know via bnm.my/RAsurvey.
Here is the list of all other moratorium link:
1. Moratorium Maybank
2. Moratorium Bank Rakyat
3. Moratorium Bank Islam
4. Moratorium CIMB
5. Moratorium BSN
6. Moratorium Public Bank
7. Moratorium Ambank
8. Moratorium RHB
9. Moratorium Affin Bank
10. Moratorium MBSB
11. Moratorium Bank Muamalat
12. Moratorium Kuwait Bank
13. Moratorium CitiBank
14. Moratorium Alliance Bank
15. Moratorium AgroBank
16. Moratorium Hong Leong Bank
17. Moratorium SME Bank
18. Moratorium Standard Chartered Bank
19. Moratorium Al Rajhi Bank
20. Moratorium UOB Bank
21. Moratorium OCBC Bank
22. Moratorium PTPTN
If the link is not workig, just visit their official home page to look for more update link
Hotel Istana Kuala Lumpur will cease operations on September 1, according to a circular from its management. The June 30 circular, was signed by general manager Nooradzzudin Omar who explained that a voluntary separation scheme would be offered to affected workers.
Hotel Istana Kuala Lumpur will be ceasing operations from Sept 1, says general manager Noorazuddin Omar. "We have arrived at this decision after considering the present circumstances and all available options. We are left with little choice other than to proceed with this closure," he said.
In a statement on Thursday (July 1), Noorazuddin said that the Covid-19 pandemic has had a significant impact on the hotel’s business, rates, returns and occupancy.
“Many of you will be aware that our competitive advantage has declined over a period of time in the face of stringent competition from our neighbouring hotels and service apartments. The situation has now been aggravated by the Covid-19 pandemic which has and continues to impact our industry and its ability to achieve normality.
“This has impacted our business, rates, returns and occupancy despite our best efforts. Even as a quarantine hotel, we are incurring monthly operational losses. As such after a proper evaluation of the hotel and its viability, we have decided to cease operations.’’
The hotel and tourism industry has been among the hardest hit by the government’s measures to try and contain the Covid-19 pandemic.
Last month, the Malaysian Association of Hotels issued a desperate plea for assistance by saying many of its members would be forced to close as a result of the 80 per cent decline in revenue since March last year.
Malaysia is currently in Phase One of the National Recovery Plan in which only approved essential services were allowed.
Hotel Istana is a five-star accommodation located in Kuala Lumpur’s golden triangle and has been in operation since 1992 when it was launched by the prime minister at the time, Tun Dr Mahathir Mohamad.
The approximately 500-room hotel is currently owned by the Tradewind Corporations.
Below is Some Image Referred from Hotel Istana Websites
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