Three companies tie up to develop Sky Train project in Sabah 16 Apr 2021 / 16:17 H.
KOTA
KINABALU: Three companies, including a foreign company, are keen to collaborate to develop the Sky Train project in Sabah to improve the public transport system in the state.
Sabah Deputy Chief Minister Datuk Seri Bung Moktar Radin (pix) said the three companies are Guancai (M) Sdn Bhd, China State Construction Engineering (M) Sdn Bhd and Vizione Development Sdn Bhd.
“There are several local and foreign investors, for example from China that have shown their interest to develop the project through the private financing initiative (PFI), he said in a media statement today.
Deputy Chief Minister Datuk Seri Bung Moktar Radin (pic) said both local and foreign investors are keen to undertake the project under the Private Financing Initiative.
Bung, who is also state Infrastructure Development Minister, was attending a briefing by a consortium of one foreign-owned and two local companies keen to undertake the project at the state Public Works Department office here on Friday (April 16).
After the briefing, Bung asked the companies - Guancai (M) Sdn Bhd, China State Construction Engineering (M) Sdn Bhd, and Vizione Development Sdn Bhd - for a more detailed proposal.
He said the companies need to discuss the plan with the relevant agencies, such as the Public Works Department, state Railway Department, Lands and Survey Department, Sabah Economic Planning Unit and KK City Hall before the proposal can be brought to the state Cabinet.