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RM2bil
worth of projects in KL stalled
11/06/2004
The Star
A TOTAL of 38 development projects in Kuala Lumpur costing RM2bil
are currently at a standstill.
Federal Territories Minister Tan Sri Mohd Isa Abdul Samad revealed
the figures during a press conference on abandoned projects in the
city at his office in Putrajaya.
He had earlier chaired briefings on abandoned projects and the
research plans to integrate public transport and land use in the
Klang Valley.
Representatives from various government agencies and
government-appointed consultancies were also present to offer their
viewpoints and help remedy the situation.
“Of the 38 projects, nine will be reactivated at different levels
and the development orders will change from one developer to
another.
“There is also a possibility that five more projects will be
redeveloped,” said Mohd Isa.
He also said the projects involved apartments, offices, hotels and
malls.
Nineteen projects, Mohd Isa said, would not be revived, pending
further discussions with government agencies and consultants.
“Certain projects will be re-evaluated based on the recommendations
made.
“For example, buildings originally meant to offer office space will
be converted into apartments,” he added.
When asked whether the Government would take the errant developers
to task, Mohd Isa replied that blacklisting the developers would not
work as they could still carry out their operations.
“One developer awarded a project to build apartments in Bangsar had
disappeared without a trace.
“The project is now under Official Assignee (OA),” he said.
He added that the Government was more concerned with reviving and
speeding up projects for completion within a certain timeframe
instead of chasing after errant developers. |
