TUN RAZAK EXCHANGE OUTLINES NEXT PHASE OF INFRASTRUCTURE WORK
KUALA LUMPUR, 31 March 2015: Tun Razak Exchange (TRX) takes the next step in key infrastructure construction work that will boost connection and access to Kuala Lumpur’s upcoming 70-acre international financial centre.
1MDB Real Estate (1MDB RE) Sdn. Bhd. Chief Executive Officer Dato’ Azmar Talib said TRX’s first earthworks package is now nearing completion.
The next infrastructure package that would include the building of roads and tunnels, underground structures, and the installation of buried utilities is now in its tender process, following a pre-qualification stage last year.
“We will continue making significant investments in TRX’s infrastructure, as well as that of the surrounding area, over the next three years as we progress towards creating a world-class financial district with excellent connectivity and accessibility,” he said.
Planned infrastructure works would also include upgrading and widening parts of connecting roads, and building direct links from TRX to major roads and highways, such as Jalan Sultan Ismail and the Maju Expressway (MEX).
TRX is also working with Dewan Bandaraya Kuala Lumpur (DBKL) in uplifting the Imbi area and improving the surrounding streetscape – via upgrading sidewalks, bus stops, signage and a pedestrian avenue that connects TRX with the Bukit Bintang shopping district.
On 19 March 2015, TRX sealed its partnership with Lend Lease to develop its Lifestyle Quarter.
The retail-led mixed-use development would occupy over 17 acres and would comprise of a new retail mall, several residential towers and a hotel connected to a multi-layer central park.
The Lifestyle Quarter will be connected to the TRX MRT interchange, the largest underground station in Kuala Lumpur housing both MRT lines 1 and 2. The development has a forecast Gross Development Value of over RM8 billion. The construction is expected to commence late 2015.
TRX represents a well-planned integrated district, with emphasis on user friendliness and sustainable infrastructure.
Last year, Veolia Water Technologies Southeast Asia was awarded a 20-year concession for wastewater treatment and recycled water supply that will halve potable water use in TRX.
The district will also be supported by an onsite cooling system to reduce energy consumption for air-conditioning use.