Warisan Merdeka works set to begin
Thursday, 13 March 2014 10:00 Tanu Pandey
http://themalaysianreserve.com/main/...s-set-to-begin
The foundation for the 118- storey skyscraper Warisan Merdeka project within the enclave of Merdeka Stadium and Stadium Negara will kick off next week with the contract for the works assigned to Pintaras Jaya Bhd’s subsidiary for RM74 million.
The iconic project that is estimated to be worth RM5 billion had been halted for sometime.
Pintaras, in an announcement at the stock exchange yesterday, said its subsidiary Pintaras Geotechnics Sdn Bhd received a commencement date notice dated March 12 this year from PNB Merdeka Ventures Sdn Bhd to undertake foundation works for the proposed building at Warisan Merdeka in Kuala Lumpur (KL).
“The said works are to commence on March 17, 2014, with a completion period of about a year,” it said.
The project was earlier expected to start in 2011, and scheduled to be completed in 2015, however, after the delay of almost three years in commencement of works, the completion may take longer.
The overall Warisan Merdeka development will be on 19 acres and the heritage stadiums, the site is set to be another major landmark in KL.
As per the initial plan, the two stadiums will be retained as national heritage buildings.
The development was supposed to consist of a complex for a mall, residences and an office skyscraper.
With 118 floors, the height of the building will exceed 500m, surpassing the current tallest buildings in Malaysia, the 452m Petronas Twin Towers.
An initiative by Permodalan Nasional Bhd (PNB), the building may also be used as the PNB headquarters.