Multiple agreements were signed on 15 June within the Economic Planning Unit of the Prime Minister’s Department to begin the transformation of the old Sungai Besi airport into the Bandar Malaysia township.
1Malaysia Development Berhad (1MDB) announced that the strategic development will contain a number of interesting elements to further fortify Kuala Lumpur’s worldwide competitiveness and to draw in foreign businesses and investors.
Some of the documents signed were the sale and purchase agreement (SPA) with the Federal Land Commissioner for the handover of a 200.3 ha plot of airport land to 1MDB as the master developer. The agreement also covers the acquisition of a 303.5 ha land parcel in Sendayan to replace the site.
Furthermore, a master relocation agreement was signed with the Defence and Home Ministries to develop eight replacement sites.
The signing was witnessed by Tan Sri Lodin Wok Kamaruddin, Chairman of 1MDB and Minister in the Prime Minister’s Department Tan Sri Nor Mohamed Yakcop.
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