The Malaysian government has asked a Chinese company to conduct a feasibility study for an infrastructure project in Kuala Lumpur that will carry an estimated investment of CNY 230bn (USD 33bn).
China Construction Technology Consulting Group, which is a joint venture between its namesake parent, PowerChina and China Energy Engineering Corporation, won the bid for the Bandar Malaysia project, according to a company statement.
The project is a 486-acre mixed-use, transit-oriented development (TOD) project to be developed at the current Sungai Besi Airport site of the Malaysian capital.
The Beijing-based firm will also provide industrial planning, urban design as well as other strategic planning advisory services for the project, which was singled out as a landmark Belt and Road infrastructure project being promoted by the Malaysian and Chinese governments.
Bandar Malaysia will be the largest TOD project in Southeast Asia as well as one of the largest integrated urban development projects involving Chinese state-owned investors, the statement said.
The development will feature exhibition centres, smart city as other infrastructure projects. There will be a cluster of trade and logistics facilities, infrastructure as well as commercial and residential real estate aimed at housing headquarters of Fortune 500 as well as other leading companies – especially financial services firms – from Malaysia, China and Singapore, according to the plan.
China Construction Technology won the project in collaboration with German consultancy Roland Berger. The company managed to counter difficulties caused by the Covid-19 outbreak as most of the project team were under self-quarantine at home.