Putrajaya refunds RM741m Bandar Malaysia deposit to axed consortium
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Kuala Lumpur
THE door appears to have slammed shut on the participation of Iskandar Waterfront Holdings (IWH)-CREC in the development of Bandar Malaysia, with Putrajaya's refund of a RM741 million (S$240.2 million) deposit to the consortium on Thursday.
A consortium executive confirmed: "We just received the refund. They sent a cheque today along with a cover letter."
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