Tuesday, December 20, 2011

1MDB starts tender process for KLIFD's sub-structure

Larger Smaller Reset KUALA LUMPUR (Dec 20): 1Malaysia Development Bhd (1MDB), the master developer for the Kuala Lumpur International Financial District (KLIFD), has started its tender process for the main foundation works for the project.

1MDB said on Tuesday a pre-qualification exercise was underway to invite contractors to take part in the CONSTRUCTION [] and completion of earthworks and excavation, retaining structure, piling works and related sub-structure works.

According to 1MDB Real Estate Sdn Bhd deputy CEO (operations) Datuk Azmar Talib said: 'This is probably among the largest earthwork, covering the size of about 20 football fields (12 ha) and excavating about 20 metres (about four storeys) into the ground.'

The substructure included site clearance, soil excavation, excavation of rocks, curtain grouting and drainage layer.

'We are currently in a flurry of activities in the run up to the start of construction first quarter of next year. In the process, we are creating and enhancing value to the site,' he added.

1MDB had also taken proactive steps to submit the environment impact assessment ' deemed voluntary -- as the size of KLIFD development was below 50 ha, the trigger point for a mandatory EIA.

The notice of pre-qualification would close on Jan 6 and the short listing and invitation to tender were scheduled for completion in mid-February.

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