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PUBLISHED: May 9, 2017 9:54pm

TRX to be linked to 3 major highways

TRX -- The partnership between Lend Lease and 1MDB RE is expected to bring in up to US$1 billion (RM3.2 bil) in foreign direct investments

Source: Bernama Source:
Bernama

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KUALA LUMPUR, 9 May 2017: 

TRX City Sdn Bhd, the master developer of the Tun Razak Exchange (TRX), has awarded a major traffic dispersion and improvement contract valued at RM327.9 million to Gadang CRFG Consortium Sdn Bhd.

The contract is part of the larger effort by Kuala Lumpur City Hall and the federal government to improve traffic along Jalan Tun Razak and its vicinity – which aims to ultimately reduce traffic loading in Jalan Bukit Bintang and Jalan Tun Razak by as much as 27%.

The two-year contract awarded to Gadang CRFG – a joint venture between Gadang Engineering (M) Sdn Bhd and CRFG Malaysia Bhd – will cover earthworks, foundation works, underground reinforced concrete road structure, elevated roadway and at-grade roadway, as well as associated works for access roads to and fro the TRX development, TRX City said in a statement today.

As a result, TRX will enjoy a direct and seamless access to three major highways, namely SMART Tunnel, Maju Expressway (MEX) and Duta-Ulu Klang Expressway-3, thus greatly enhancing the connectivity of the international financial district.

“These additional highway and road accesses into TRX, together with the underground MRT interchange station and comfortable, convenient pedestrian walkways, also offer greater connectivity to the existing city centre and the rest of Greater KL,” TRX City’s chief executive officer Datuk’ Azmar Talib said.

The award of this contract follows a tender process that was overseen by a third party independent audit company. The pre-qualification of participating contractors started in May 2016 and the tender was called in August 2016.

To date, TRX has signed global property and infrastructure group Lendlease to develop the Lifestyle Quarter; Indonesia’s leading property developer Mulia Group to develop the Signature Tower plot; Affin Bank Bhd for an office tower; Lembaga Tabung Haji for a residential plot, and global leader in water management Veolia Water Technologies South East Asia for the water treatment and recycling concession.

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