MRCB to upgrade Little India, build quarters under RM128.7m deal

KUALA LUMPUR: MALAYSIAN RESOURCES CORP [] Bhd’s (MRCB) subsidiary will undertake a RM128.7 million contract to upgrade Little India in Brickfields and build government quarters.

MRCB said its 70% owned Country Annexe Sdn Bhd had on Tuesday, July 5 signed a privatisation agreement with the government and Syarikat Tanah dan Harta Sdn Bhd (Hartanah).

The agreement will see Country Annexe upgrading and beautifying Jalan Tun Sambanthan, Brickfields, from the intersection of Jalan Travers and Jalan Tun Sambanthan up to the entrance of the Brickfields Police Station.

It will also develop the Pines Bazaar – a three-storey building with office space, 28 stalls and 140 car park bays.

It will also build 212 government Class F quarters near Jalan Ang Seng to replace the government quarters at Jalan Rozario, Kuala Lumpur.

In return, Country Annexe will receive two pieces of land at the intersection of Lorong Chan Ah Tong and Jalan Tun Sambanthan, measuring 14,297 sq metres and 5,642.71 sq metres.

Country Annexe is a 70:30 special purpose vehicle between MRCB and DMIA Sdn Berhad to construct the projects in return for the exchange land and to undertake the development.