By Sharen Kaur
sharen@mediaprima.com.my
Published in NST on June 18, 2013
sharen@mediaprima.com.my
Published in NST on June 18, 2013
PERMODALAN Nasional Bhd (PNB) is targeting Japanese and South Korean companies to help develop its RM5 billion Warisan Merdeka tower project.
PNB is expected to call for pre-qualifying bids for the project in the third or fourth quarter of this year, people with direct knowledge on the matter said.
A source said at least five consortiums, comprising local and foreign firms, are preparing to make the bid.
“PNB has indicated that it prefers Malaysian contractors to partner South Korean and Japanese companies for the job. The chances will be higher but the bidding will be very competitive,” the source said.
He added that PNB will be appointing foreign consultants, engineers and designers for the project.
When Malaysia decided to build the Petronas Twin Towers in 1990s, big foreign names were involved in the development.
A Japanese consortium led by Hazama Corp (JA Jones Construction Co, MMC Engineering Services Sdn Bhd, Ho Hup Construction Co Bhd and Mitsubishi Corp) were involved in the construction of Tower 1.
A South Korean consortium led by Samsung C&T Corp (Kukdong Engineering & Construction and Syarikat Jasatera Sdn Bhd) constructed Tower 2.
Malaysian firm Eversendai Corp Bhd, founded by Tan Sri A.K. Nathan, provided the steel structures for Tower 2 while César Pelli, an Argentine architect, designed the entire project.
The 7.7ha Warisan Merdeka tower project, sited on the carpark and land adjacent to Stadium Negara and Stadium Merdeka, will be funded by PNB.
PNB has formed PNB Merdeka Ventures Sdn Bhd as a wholly-owned unit to undertake the project on the land, which it bought from Pengurusan Danaharta Nasional Bhd in 2000 for RM310 million or RM220 per sq ft.
PNB Merdeka is headed by Tengku Abdul Aziz Tengku Mahmud, who was formerly from Guthrie Property Development Holding Bhd and Sime Darby Property Bhd.
The Warisan Merdeka Tower project will feature a 118-storey building, a hotel, mall and residences, to be undertaken over a 10-year period.
When completed, the Warisan Merdeka tower will be the tallest building in Malaysia, superseding the 88-storey Petronas Twin Towers.
PNB is expected to call for pre-qualifying bids for the project in the third or fourth quarter of this year, people with direct knowledge on the matter said.
A source said at least five consortiums, comprising local and foreign firms, are preparing to make the bid.
“PNB has indicated that it prefers Malaysian contractors to partner South Korean and Japanese companies for the job. The chances will be higher but the bidding will be very competitive,” the source said.
When Malaysia decided to build the Petronas Twin Towers in 1990s, big foreign names were involved in the development.
A Japanese consortium led by Hazama Corp (JA Jones Construction Co, MMC Engineering Services Sdn Bhd, Ho Hup Construction Co Bhd and Mitsubishi Corp) were involved in the construction of Tower 1.
A South Korean consortium led by Samsung C&T Corp (Kukdong Engineering & Construction and Syarikat Jasatera Sdn Bhd) constructed Tower 2.
Malaysian firm Eversendai Corp Bhd, founded by Tan Sri A.K. Nathan, provided the steel structures for Tower 2 while César Pelli, an Argentine architect, designed the entire project.
The 7.7ha Warisan Merdeka tower project, sited on the carpark and land adjacent to Stadium Negara and Stadium Merdeka, will be funded by PNB.
PNB has formed PNB Merdeka Ventures Sdn Bhd as a wholly-owned unit to undertake the project on the land, which it bought from Pengurusan Danaharta Nasional Bhd in 2000 for RM310 million or RM220 per sq ft.
PNB Merdeka is headed by Tengku Abdul Aziz Tengku Mahmud, who was formerly from Guthrie Property Development Holding Bhd and Sime Darby Property Bhd.
The Warisan Merdeka Tower project will feature a 118-storey building, a hotel, mall and residences, to be undertaken over a 10-year period.
When completed, the Warisan Merdeka tower will be the tallest building in Malaysia, superseding the 88-storey Petronas Twin Towers.
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