By Selangor Journal Team
SHAH ALAM, Dec 1 — Berjaya Corp Bhd’s subsidiary (BCorp) Berjaya Land Berhad (BLand) has set up a joint venture with Landasan Lumayan Sdn Bhd (LLSB), a subsidiary of Menteri Besar Selangor (Incorporated), or MBI, to undertake river initiatives include river cleaning, river rehabilitation and river developments in the Klang Valley.
In a statement yesterday, it is stated that BLand will hold a 55 per cent stake in the joint venture company, dubbed as Landasan Lumayan Berjaya Sdn Bhd (LLB), while LLSB has the remaining 45 per cent.
Among the river initiatives that LLB will undertake is the Selangor Maritime Gateway, a high economic impact project that will see approximately 600 acres of land along about 56 kilometres of Sungai Klang to be developed over the next year eight years.
“In 2022, LLB will launch the development of about 2,000 units of affordable housing and 1,400 units of other types and by 2030, some 26,000 housing units to be completed along Sungai Klang, of which 50 per cent would be affordable homes. The project is expected to have an estimated gross development value (GDV) of RM10 billion over eight years, with an average GDV of RM1.25 billion per annum.” the statement read.
In response to the initiative to develop affordable housing, BCorp chairman Tan Sri Vincent Tan said building affordable homes in urban locations close to transportation hubs would translate into lower purchase prices for low-income house owners.
He said lower house prices would also facilitate obtaining bank financing and lower monthly repayments for the house owners.
“Owning your own home is a basic need of everyone. Owning a house means having a stake in the country. We fully support this initiative to provide more affordable housing for the lower-income group and first-time home buyers.
“LLB will be able to leverage on Berjaya’s expertise, and experience in this area as Berjaya has been supporting and contributing towards the Government’s housing development initiatives by building quality and affordable housing,” he said in the statement.
The river cleaning initiative would include the removal of all floating debris from Sungai Klang and the maintenance of the existing log booms located in Sungai Pinang, Sungai Kayu Ara, Sungai Kandis, Sungai Delek, Kinrara, Taman Sentosa and Aman Hilir.
LLB will also undertake other cleaning-related initiatives or activities, including organising awareness and educational programmes to rejuvenate Sungai Klang.
“We are pleased and proud to be part of this initiative to clean and beautify Singai Klang. We should maintain the cleanliness of the rivers in our country as they are the lifeline of the nation, and there is an urgent need to protect them and preserve their sustainability for our future
generations.
“Effective management of water resources is essential in achieving long-term sustainable development for the country,” said Tan, adding that keeping Sungai Klang clean is vital to maintaining freshwater supply as it supplies 90 per cent of drinking water to residents in the Klang Valley.
