Selangor Journal
IJM Corporation Berhad group CEO and managing director Lee Chun Fai (second from left), Permodalan Negeri Selangor Bhd (PNSB) CEO Raja Ahmad Shahrir Iskandar Raja Salim (third from left), and Lim Seong Hai Capital Berhad (LSH) non-executive chairman Tan Sri Datuk Seri Lim Keng Cheng (fourth from right), during the strategic partnership signing between PNSB, IJM, and LSH to develop road transportation infrastructure in south Selangor’s districts, at the Hilton Hotel in Kuala Lumpur on March 8, 2024. — Picture by PERMODALAN NEGERI SELANGOR BHD

PNSB collaborates with IJM, LHS to transform southern Selangor’s transportation infrastructure 

Selangor Journal Team 

SHAH ALAM, Mar 8 — State subsidiary Permodalan Negeri Selangor Bhd (PNSB) has struck a strategic partnership with IJM Corporation Bhd (IJM) and Lim Seong Hai Capital Bhd (LSH) to enhance Selangor’s southern districts’ road transportation infrastructure.

Chiefly, the collaboration will focus on the Integrated Development Region in South Selangor (Idriss), one of the three new economic corridors identified by the state government under the First Selangor Plan. 

In a joint statement, it said an intention to collaborate agreement was signed between the three parties in Kuala Lumpur today, underscoring their collective commitment to materialise the project’s development. 

“The collaboration will study various viable connectivity routes and plans to introduce key transportation links. 

“These efforts are aimed at improving connectivity, reducing travel time and creating new development corridors. 

“By bolstering Selangor’s logistics and transport efficiency, the initiative seeks to invigorate local economies by providing better access to markets, services, and employment opportunities,” said PNSB.

Among those present at the signing ceremony were PNSB chief executive officer (CEO) Raja Ahmad Shahrir Iskandar Raja Salim, IJM group CEO and managing director Lee Chun Fai, and LSH non-executive chairman Tan Sri Datuk Seri Lim Keng Cheng. 

The development projects within Idriss span various sectors, including industrial, logistics, warehousing, ports, commerce, housing, tourism, and education, with the objective of leveraging the Sepang and Kuala Langat districts’ economic potential.

Previously, the Selangor government approved 13 projects with an estimated 17,398.56 acres of development areas under Idriss, with eight in Sepang and five in Kuala Langat.  

On March 4, state executive councillor for trade and investment Ng Sze Han said Selangor would finalise Idriss’ infrastructure master plan in the coming months, encompassing proposed alignments and maintenance of roads and utility networks, including power, fibre optics, and water lines.

Meanwhile, PNSB said that in addition to immediate infrastructure enhancements, their joint projects will integrate nature-positive infrastructure featuring renewable energy, energy-efficient designs, a sponge city planning model for flood mitigation, and restoring mangrove forests. 

“These efforts will bolster the sustainable development in southern Selangor,” it said. 

PNSB will take the lead in planning, land management and project oversight, while LSH and IJM will capitalise on their industry expertise to ensure effective execution and delivery.

IJM Corporation Berhad group CEO and managing director Lee Chun Fai (second from left), Permodalan Negeri Selangor Bhd (PNSB) CEO Raja Ahmad Shahrir Iskandar Raja Salim (fourth from left), and Lim Seong Hai Capital Berhad (LSH) non-executive chairman Tan Sri Datuk Seri Lim Keng Cheng (fourth from right), during the strategic partnership signing between PNSB, IJM, and LSH to develop road transportation infrastructure in south Selangor’s districts, at the Hilton Hotel in Kuala Lumpur on March 8, 2024. — Picture by PERMODALAN NEGERI SELANGOR BHD

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