Finance Ministry issues RFP for Bandar Malaysia

PETALING JAYA: The Finance Ministry has issued a request for proposal (RFP) for the role of master developer for the development of Bandar Malaysia.
In a statement today, the ministry said the RFP document is to solicit the most comprehensive proposal based on highest and best use for the proposed development.
"The proposer must be able to demonstrate how their proposal focuses and places emphasis on the key themes of serving people and the national interest of Malaysia," it said.
It said that interest companies and/or consortiums must meet several criteria, including being an affiliate of a Fortune 500 company to ensure financial strength as well as experience in international quality real estate development projects.
The proposer must also be an affiliate of a company that has generated cumulatively last three years of no less than RM50 billion in revenue from entire value chain of real estate and associated businesses.
Interested parties can collect the RFP beginning July 5 from the secretary-general of treasury's office.