By Sharen Kaur
NUSAJAYA (Johor): UEM Sunrise Bhd expects its approximately RM40 billion Phase 2 development called Gerbang Nusajaya, here, will be further boosted by the proposed high speed rail (HSR) link between Kuala Lumpur and Singapore.
Malaysia and Singapore have in principal agreed to build the HSR link, with seven stations planned across Peninsular Malaysia.
In Johor alone, there will be three stations. The other four stations will be located in Ayer Keroh, Malacca; Putrajaya; Labu in Seremban, and Bandar Malaysia in Sungai Besi.
According to UEM Sunrise chief operating officer (commercial) Raymond Cheah, the HSR station will be located in the centre of Gerbang Nusajaya and surrounded by catalytic developments such as Nusajaya Tech Park and Singapore tycoon Peter Lim's Motorsport City.
The Tech Park, which has a gross development value of RM3.7 billion, is a joint venture between UEM Sunrise and Singapore's Ascendas Group.
Cheah said the masterplan for Gerbang Nusajaya is being redesigned to include the proposed HSR station.
UEM Sunrise, as master developer for Nusajaya, plans to develop the station as a transit-oriented development (TOD) together with the Land Public Transport Commission, he said.
"It will be an integrated mixed-used development, featuring office and residential towers, a hotel, retail and commercial. We are quite bullish on this development. If you look at TOD projects in Japan, Singapore and Europe, they have all been very successful.
"We expect the TOD project to further add value to Nusajaya and Iskandar Malaysia as a complete package," Cheah told Business Times after a media briefing on the second wave of development for Nusajaya yesterday.
Cheah is hopeful that the HSR station in Gerbang Nusajaya will link to the Singapore-Johor Baru rapid transit system (RTS).
Iskandar Regional Development Authority chief executive Datuk Ismail Ibrahim, who was at the briefing, said the key success factors for the HSR link will be connectivity with land, air and maritime travel.
He said the final stop for the HSR terminal in Johor will be in Iskandar Malaysia, in particular flagship B, which is Nusajaya.
"Our prime minister and his (Singapore) counterpart will meet soon on this. We anticipate this will take place at the next leaders' retreat, which is expected to be in the middle of this year," Ismail said.
Gerbang Nusajaya will be developed over 25 years. Upon full completion, it is expected to create an estimated 76,000 direct jobs and 137,000 indirect ones.
NUSAJAYA (Johor): UEM Sunrise Bhd expects its approximately RM40 billion Phase 2 development called Gerbang Nusajaya, here, will be further boosted by the proposed high speed rail (HSR) link between Kuala Lumpur and Singapore.
Malaysia and Singapore have in principal agreed to build the HSR link, with seven stations planned across Peninsular Malaysia.
In Johor alone, there will be three stations. The other four stations will be located in Ayer Keroh, Malacca; Putrajaya; Labu in Seremban, and Bandar Malaysia in Sungai Besi.
According to UEM Sunrise chief operating officer (commercial) Raymond Cheah, the HSR station will be located in the centre of Gerbang Nusajaya and surrounded by catalytic developments such as Nusajaya Tech Park and Singapore tycoon Peter Lim's Motorsport City.
The Tech Park, which has a gross development value of RM3.7 billion, is a joint venture between UEM Sunrise and Singapore's Ascendas Group.
Cheah said the masterplan for Gerbang Nusajaya is being redesigned to include the proposed HSR station.
UEM Sunrise, as master developer for Nusajaya, plans to develop the station as a transit-oriented development (TOD) together with the Land Public Transport Commission, he said.
"It will be an integrated mixed-used development, featuring office and residential towers, a hotel, retail and commercial. We are quite bullish on this development. If you look at TOD projects in Japan, Singapore and Europe, they have all been very successful.
"We expect the TOD project to further add value to Nusajaya and Iskandar Malaysia as a complete package," Cheah told Business Times after a media briefing on the second wave of development for Nusajaya yesterday.
Cheah is hopeful that the HSR station in Gerbang Nusajaya will link to the Singapore-Johor Baru rapid transit system (RTS).
Iskandar Regional Development Authority chief executive Datuk Ismail Ibrahim, who was at the briefing, said the key success factors for the HSR link will be connectivity with land, air and maritime travel.
He said the final stop for the HSR terminal in Johor will be in Iskandar Malaysia, in particular flagship B, which is Nusajaya.
"Our prime minister and his (Singapore) counterpart will meet soon on this. We anticipate this will take place at the next leaders' retreat, which is expected to be in the middle of this year," Ismail said.
Gerbang Nusajaya will be developed over 25 years. Upon full completion, it is expected to create an estimated 76,000 direct jobs and 137,000 indirect ones.
No comments:
Post a Comment