PNB to study plan for redevelopment of KL’s Kampung Baru

Posted on | June 24, 2010

By BERNAMA


KUALA LUMPUR: Permodalan Nasional Bhd (PNB) will conduct a study on the Government’s plan to redevelop Kampung Baru.

President and chief executive officer Tan Sri Hamad Kama Piah Che Othman said the study was to determine whether the redevelopment would yield competitive returns to PNB following the Government’s proposal to appoint PNB to undertake the redevelopment.

Two other Government-linked entities – Pilgrims Fund Board (Tabung Haji) and Pemodalan Hartanah Bhd – were also offered the job.

On Feb 6, Prime Minister Datuk Seri Najib Tun Razak announced the 122.93ha Kampung Baru would be redeveloped under a concept that would not require relocation of the residents and landowners.

He said the residents and landowners would have the right to determine the form of development to suit their requirements.

Najib had said Federal Territories and Urban Well-Being Minister Datuk Raja Nong Chik Raja Zainal Abidin had been asked to prepare a Cabinet paper on the redevelopment.

The Government also proposed to set up a special body to be run by government trustees without private sector participation to ensure Kampung Baru residents were assured of the redevelopment for their interests.

- Kuala Lumpur Kampung Baru Redevelopment News

You might also like

What the landowners, residents say By THE STAR THE Government’s decision to redevelop Kampung Baru, a Malay reserve enclave in the...

No undue delay in Kg Baru redevelopment By THE STAR Amended Kampung Baru Development Corp Bill passed PETALING JAYA: The redevelopment...

Kampung Baru redevelopment – an ambitious project By THE STAR THE impending redevelopment of Kampung Baru, which is located in the heart of Kuala Lumpur,...

A new Kampung Baru By THE STARAFTER five decades in limbo, attempts to redevelop Kampung Baru may soon become a reality...