JCorp: Work starts on key portions of business district project

PETALING JAYA: Johor Corporation (JCorp) has commenced the key infrastructure developments for its multi-billion project Ibrahim International Business District (IIBD), namely the flyover, link bridge and Persada Annexe.
In a statement released by the group yesterday, Deputy Prime Minister Datuk Seri Ahmad Zahid Hamidi said, as the project is set to be the region’s emerging investment hub, the three public infrastructure components collectively present enhanced connectivity that will strengthen the business district and link facets of communities.
“The flyover will improve traffic flow along critical corridors to accommodate the local population growth, besides expediting transportation of goods to the local and international markets,” he added.
Johor Mentri Besar Datuk Seri Mohamed Khaled Nordin said the link bridge will be a 268m walk connecting JB Sentral to Persada Annexe with pedestrian-friendly streetscape and linkages, while the flyover will link from Tebrau Corridor into IIBD connecting Coronation Square.
The construction of the flyover, with a gross development value of RM120 million is expected to commence in 2018 for a period of two years, after which it will be handed over to the management under Majlis Bandaraya Johor Bahru.
The flyover, link bridge and Persada Annexe will be developed by Coronade Properties Sdn Bhd as one of the developers within IIBD.
“Given its strategic positioning, a location within IIBD will offer a critical competitive advantage for any business and the potential of cross-pollination of businesses and funding opportunities is a sound proposition for both local and foreign investors and entrepreneurs,” Mohamed Khaled said.
Meanwhile, Ahmad Zahid also announced the RM250 million facilitation fund from the federal government to drive the development of Johor Baru’s public infrastructure and to ensure the integrity of the Integrated Connectivity Plan of IIBD Blueprint for the flyover and link bridge.
The funding will be provided via Unit Kerjasama Awam Swasta, which is responsible for monitoring and implementation of such projects.