Zelan Unit Gets Nod To Undertake RM307.3 Million Transport Terminal Project

Zelan Unit Gets Nod To Undertake RM307.3 Million Transport Terminal Project
Bernama  
- Saturday, 15 March 2014

KUALA LUMPUR, March 15,( Bernama) - Zelan Bhd's unit, Terminal Bersepadu Gombak Sdn Bhd (TEGAS), has been granted the concession by the federal government to undertake the development of Gombak Integrated Transport Terminal (GITT).

In a statement to Bursa Malaysia, Zelan said the concession, on a build-lease-manage-operate-transfer basis by way of public-private-partnership, was for 25 years and three months from the construction commencement date.

"the project will cost approximately RM307.37 million, of which RM260.141 million will be financed by Bank Pembangunan Malaysia Bhd under the Bai' Istana 'Facilities, " it said.

The project, located next to the existing Gombak light rail transit station and adjacent to the existing Middle Ring Road 2, comprised a seven-story terminal complex and related facilities, it said.

Zelan said GITT will be a major, transportation hub to take over the existing operations of the eastbound inter-city buses and taxis as well as inter-city buses taxis for Klang Valley.