Taman Tugu project well under way, says Khazanah

KUALA LUMPUR (June 20): The RM650 million Taman Tugu project in the federal capital led by Khazanah Nasional Bhd is well under way, according to a status update document on the project released yesterday.

The document details the progress achieved in each of the project’s four components — the Taman Tugu Park, connectors, learning and innovation centre (Khazanah Ilmu) and national trust fund.

The 66-acre (26.7ha) Taman Tugu Park has obtained key approvals including the overall development order from the Kuala Lumpur City Hall and the Environmental Impact Assessment (EIA) and Environmental Management Plan (EMP) from the Federal Territory Department of Environment (DoE).

Meanwhile, tender awards for the various packages of the park will start being issued this month, while work on the ground is expected to commence soon after. Submissions are currently being evaluated and the park is on track for completion in the fourth quarter of 2018 (4Q18), according to the update issued by Khazanah.

The second component concerning connectivity is seeing the punch-through locations at the underpass below Jalan Parlimen being finalised, with work expected to commence in 4Q17.

Meanwhile, the design of the overhead deck connecting Kuala Lumpur Sentral to Taman Botani Perdana will be determined by an architectural competition to be launched in 3Q17, for which a feasibility study is currently being conducted.

“[We are] currently in discussions with CIMB, MRCB (Malaysian Resources Corp Bhd) and MRT Corp (Mass Rapid Transit Corp Sdn Bhd) on options for landing points on the KL Sentral side,” Khazanah said.

“All connectors are on track for completion by 2019.”

Khazanah said the development of Khazanah Ilmu is on track for completion in 2020. Current feedback from its discussions with DoE to secure an EIA for this component is that an update to the submission for the park component is said to suffice with additional controls included in the EMP.

This article first appeared in The Edge Financial Daily, on June 20, 2017.

For more stories, download TheEdgeProperty.com pullout here for free.