“The first provision of financial assistance under the loan agreement is £6 million.”

The group is also in talks with potential strategic partners to provide new technologies.

Proceeds to be raised would depend on the actual number of warrants exercised during the exercise period.

Projects listed as priority include the Pan Island Link Highway, the development of the Penang Tuna Port, the Federal Road from Bayan Lepas to Teluk Kumbar, and the health complex in Seberang Perai.

Studies conducted through active fault mapping and the Malaysian Seismotectonic Map found fault zones in these states that are vulnerable to seismic activity.

A special ministerial briefing on the redevelopment of Kampung Sungai Baru will be held in the Dewan Rakyat on Thursday, Oct 9.

Empire Remix 1 was meant to be USJ 1’s signature twin-tower development, a vibrant mix of homes, offices, and retail.

Kuala Lumpur City Hall (DBKL) is still in the process of reviewing the application for a proposed 60-storey development project in Bukit Damansara.

Housing and Local Government (KPKT) Minister Nga Kor Ming has directed the Town and Country Planning Department (PLANMalaysia) to conduct a more thorough study on the resolutions presented at the Urban Renewal Convention (URA).

The High Court on Friday dismissed an appeal by 23 residents of Kampung Sungai Baru to set aside a prior court decision dismissing their application to stay a writ of possession issued on June 4.