Zelan Bhd has sealed a concession agreement with the government and International Islamic University Malaysia (IIUM) to build a campus in Gambang, Pahang. Total construction cost was RM391 million which comprises the construction works, consultants’ fees and road electrical works.
Under the agreement, the project would be on a Build-Lease-Manage-Transfer (BLMT) basis by way of private finance initiative (PFI) scheme. Zelan said the Centre for Foundation Studies (Phase 3) would be able to accommodate complete teaching, learning and boarding facilities for IIUM students.
The total payment of availability charges throughout the concession period of RM835.61mil.
Under the concession, it would build the campus, its facilities and infrastructure and also carry out asset management services for the campus.
As for the asset management services charges, Zelan said the maintenance services charges for the entire concession period would amount to RM504.68mil. The asset management programme for the concession period would be RM132.79mil.
The duration of the concession period is agreed at 23 years.
Under the Concession, the KPAG is granted the rights and authority to:
- undertake the planning, design, financing, construction, landscaping, equipping, installation, completion, testing and commissioning of CFS, its facilities and infrastructure;
- carry out Asset Management Services for CFS; and
- provide the Commercial and Retail Services including to impose, demand, collect and retain for its own benefit the Commercial and Retail Charges;
Project Component
The development of CFS shall comprise of the followings:
(a) Academic Zone
(b) Students Facilities
(c) Multipurpose Hall
(d) Students Residential Colleges & Dining Halls
(e) Sports Facilities
(f) Ancillary Buildings and Infrastructures
Zelan said on Friday the total construction cost was RM391.65mil only comprising the cost for construction works, consultants' fees and road electrical work.
