Lido Boulevard development to begin in March
JOHOR BARU: Work on the RM2.7bil Lido Boulevard, the latest waterfront project within the Iskandar Development Region (IDR), is set to commence after Chinese New Year.
The developer, Central Malaysian Properties Sdn Bhd (CMP), will start mobilising construction equipment and manpower at the project site along the Lido Beach here in March.
In a statement, CMP managing director Dato’ Chan Tien Ghee said, “The prequalification of contractors saw more than 130 international firms submit bids for the project. This is a clear indication that the IDR is drawing wide attention."
The Lido Boulevard is one of the biggest privately-financed initiatives along the Lido waterfront here after the Danga Bay development.
This privatisation project is a joint-venture between CMP and Johor State Secretary Incorporated - an investment holding company of the Johor State Government - which is also the land owner, the statement said.
Chan said CMP would spend RM150mil over the next two years to upgrade all existing road infrastructure on site. This includes expanding the present Jalan Abu Bakar (Jalan Skudai) into a dual three-lane carriageway.
“As this development is designed for city living, Lido Boulevard will help rejuvenate Johor Baru and transform it into an exciting city with a myriad of leisure and recreational public facilities,” he noted.
Lido Boulevard has four main development components – luxury condominiums, waterfront office suites, a hotel and a shopping mall.
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