By Farah Wahida:
Two Malaysian companies will form a special purpose vehicle (SPV) to undertake a RM2.4 billion development project in Bangladesh, according to Datuk Seri S. Samy Vellu, Special Envoy to India and South Asia.
Samy Vellu said the SPV would sign two memoranda of agreement (MoA) for the construction of the development which will comprise 140 blocks of 16-storey flats at Uttara in Dhaka, Bangladesh.
“We have identified the two companies. Within the next two to three months, we would be signing the memoranda,” he said in a report by Bernama.
He also said that Malaysia is currently under the final stage of submitting the drawing plans for the development of a 40.5ha land in Andra Pradesh, adding that the RM3 billion project would be a milestone for Malaysian contractors following its approval.
“I have spoken to India's Minister of Housing and Urban Poverty Alleviation. He was very interested with our plan and I am hopeful that it will be approved.”
Meanwhile, Malaysian contractors are also said to secure a 1,400km road construction project in South Sudan which would connect Juba with Djibouti and Ethiopia.
Two Malaysian companies will form a special purpose vehicle (SPV) to undertake a RM2.4 billion development project in Bangladesh, according to Datuk Seri S. Samy Vellu, Special Envoy to India and South Asia.
Samy Vellu said the SPV would sign two memoranda of agreement (MoA) for the construction of the development which will comprise 140 blocks of 16-storey flats at Uttara in Dhaka, Bangladesh.
“We have identified the two companies. Within the next two to three months, we would be signing the memoranda,” he said in a report by Bernama.
He also said that Malaysia is currently under the final stage of submitting the drawing plans for the development of a 40.5ha land in Andra Pradesh, adding that the RM3 billion project would be a milestone for Malaysian contractors following its approval.
“I have spoken to India's Minister of Housing and Urban Poverty Alleviation. He was very interested with our plan and I am hopeful that it will be approved.”
Meanwhile, Malaysian contractors are also said to secure a 1,400km road construction project in South Sudan which would connect Juba with Djibouti and Ethiopia.
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