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Contractor may lose Plaza Rakyat project
06/08/2009 NST

KUALA LUMPUR: Federal Territories Minister Datuk Raja Nong Chik Raja Zainal Abidin has given the ultimatum to the current contractor of Plaza Rakyat, Global Upline Sdn Bhd, to either resume the abandoned project or risk losing it to another company. He said the ministry had received several proposals from contractors who were keen to revive the project.

However, Raja Nong Chik said the ministry had yet to accept any of the proposals pending a reply from Global Upline which had been given until the end of the month to respond.

Raja Nong Chik said if Global Upline failed to respond and accept the terms specified, it would have to give way to other contractors vying for the RM1.2 billion project.

The Plaza Rakyat project, which stalled in 1992, is supposed to be a mixed commercial development comprising a 79-storey office tower, 45-storey hotel and a serviced apartment building as well as shopping centre.

Raja Nong Chik was speaking after an hour walkabout in Mid Valley Megamall and The Gardens.

During the walkabout, he was accompanied by mayor Datuk Ahmad Fuad Ismail, City Hall director-general Datuk Salleh Yusup, Mid Valley City's executive director Antony Barragry, IGB Corporation Bhd group managing director Robert Tan and City Hall officials. -- By Halim Said


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