KUALA LUMPUR: TRX City Sdn Bhd, the master developer of the Tun Razak Exchange (TRX), has awarded a major traffic dispersion and improvement contract valued at RM327.9 million to Gadang CRFG Consortium Sdn Bhd.
The contract is part of the larger effort by Kuala Lumpur City Hall and the federal government to improve traffic along Jalan Tun Razak and surrounding areas.
This is aimed at ultimately reducing traffic loading in Jalan Bukit Bintang and Jalan Tun Razak by as much as 27%.
The two-year contract awarded to Gadang CRFG – a joint venture between Gadang Engineering (M) Sdn Bhd and CRFG Malaysia Bhd – will cover earthworks, foundation works, underground reinforced concrete road structures, elevated roadways and at-grade roadways, as well as associated works for access roads to and from the TRX development, TRX City said in a statement today.
As a result, TRX will enjoy direct and seamless access to three major highways, namely the Smart Tunnel, the Maju Expressway (MEX) and the Duta-Ulu Klang Expressway-3, thus greatly enhancing the connectivity of the international financial district.
“These additional highways and road access into TRX, together with the underground MRT interchange station and comfortable, convenient pedestrian walkways, also offer greater connectivity to the existing city centre and the rest of Greater KL,” TRX City’s chief executive officer Azmar Talib said.
The award of this contract follows a tender process that was overseen by a third-party independent audit company.
The pre-qualification of participating contractors began in May 2016, with the tender being called in August 2016.
To date, TRX has signed global property and infrastructure group Lendlease to develop the Lifestyle Quarter; Indonesia’s leading property developer Mulia Group to develop the Signature Tower plot; Affin Bank Bhd for an office tower; Lembaga Tabung Haji for a residential plot, and global leader in water management Veolia Water Technologies South East Asia for the water treatment and recycling concession.