Najib puts new team in place for Bandar Malaysia
Senior Treasury official to lead fresh team overseeing second request for proposal following scrapped stake sale
Kuala Lumpur
PRIME Minister Najib Razak has put a new team in charge of the development of Bandar Malaysia, following the abrupt termination of a share-sale agreement with a Malaysian-Sino consortium this month.
The secretary-general of the Treasury, Irwan Serigar Abdullah, will lead the team that will oversee the second request for proposal (RFP) and the monetisation of the state-owned 1MDB's remaining real-estate assets, including the Tun Razak Exchange (TRX).
Mr Najib said he envisaged the 485 acre plot - a choice landbank - as Kuala Lumpur's future city centre, and, in a seeming admission that the first tender exercise for it had been lacking in certain aspects, said: "Given the im…
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