Infrastructure conglomerate wants to build US$5.65B ‘real Putrajaya’ at Clark city in Philippines

Malaysia, Slider 13 Mar 2017
Infrastructure conglomerate wants to build US$5.65B ‘real Putrajaya’ at Clark city in Philippines

MANILA: AlloyMtd Group, a leading Asian infrastructure conglomerate, is eyeing to develop a “real Putrajaya” in the Philippines’ Clark Administrative City at an estimated cost of US$5.65 billion (RM25 billion).

AlloyMtd president/CEO Tan Sri Dr Azmil Khalid said the group, which already has RM1.5 billion worth of ‘mini Putrajaya’ projects in the pipeline, is ready for this big project which has been proposed to the Philippine government.

“They are also excited about the possibility. So with the aspiration of the government and our experience, hopefully we can achieve a similar successful story in Clark.

“We hope it will be tabled to their Cabinet soon for approval,” he told reporters on Tuesday night after a pre-council meeting here held in conjunction with the 23rd Asean Economic Ministers’ retreat.

International Trade and Industry Minister Datuk Seri Mustapa Mohamed, who is on a three-day working visit here until Friday, chaired the meeting.

From 2006 until now, the group, via its local unit, MTD Philippines Inc, has invested about RM400 million in two “mini Putrajaya” projects and RM700 million in the South Luzon Expressway.

The first RM221 million “mini Putrajaya” of Calabarzon Regional Government Center Phase 1 in Calamba City was completed in 2015. The second, comprising a business processing outsourcing building and a central business hub in Palayan, was inaugurated by Mustapa yesterday.

Of the mini projects in the pipeline, two are at the design stage and one is under construction.

“We hope with the presence of minister Mustapa and government-to-government link, we can cut short the approval for this ‘real Putrajaya’ project.

Azmil said AlloyMtd has also submitted a bid for the Philippines’ Mass Rapid Transit Line 9 worth US$1 billion. “AlloyMtd was invited by a railway project developer to join as lead firm of the consortium to submit an unsolicited proposal for MRT 9,” he said, adding that the proposal is under review. – Bernama

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