MRT station in the pipeline for Cyberjaya City Centre
By Digital News Asia April 4, 2019
- MRT station will address many of the future needs of the communities
- First agreement signed for a development project under Selangor’s PIOD policy
CYBERJAYA’S Tech Hub Enabler, Cyberview Sdn Bhd and Mass Rapid Transit Corporation Sdn Bhd (MRT Corp) on April 3 signed a mutual agreement to enable the construction of a Mass Rapid Transit (MRT) station for the MRT Sungai Buloh–Serdang–Putrajaya (SSP) Line in the Cyberjaya City Centre.
This is the first agreement signed for a development project under the Selangor State’s Public Infrastructure Oriented Development (PIOD) policy that was introduced in 2017.
The agreement allows for an MRT station and related structures to be built on land owned by Cyberview within the Cyberjaya City Centre development without the need for land acquisition.
“Cyberjaya City Centre is one of our key initiatives in positioning Cyberjaya as the nucleus for MSC and a catalyst in driving forward the development of technology and innovation in Malaysia.
“Connectivity is a significant element for successful cities today. We are confident that the MRT station located within Cyberjaya City Centre will address many of the future needs of the communities here and encourage social and economic opportunities and growth for Cyberjaya.
“The co-existence development model that we are embarking on with MRT Corp eliminates the need for costly acquisition and allows Cyberview to focus on building the city centre as a transit-oriented development (TOD), thereby maximising its value and eventual offerings,” said Cyberview Sdn Bhd managing director Najib Ibrahim.
MRT Corp chief executive officer Abdul Yazid Kassim said such co-existence arrangements between township developments and the MRT will allow for greater numbers of people to have access to efficient public transport.
The 141 -acre project will comprise of commercial blocks, an integrated lifestyle and retail offerings, serviced residential complexes and Grade A Offices within its phase one which covers an area of 53 acres.
The construction of phase one began in 2016 and is estimated to contribute RM5.3 billion from a total of RM10 billion in gross development value.