Saturday, December 27, 2008

LCCT in Labu part of Sime's Negri vision


LCCT in Labu part of Sime's Negri vision
By Kang Siew Li
Published: 2008/12/25

THE new low-cost carrier terminal (LCCT) in Labu, Negri Sembilan, is crucial to the development of Sime Darby Bhd's (
4197) Negri Sembilan Vision City to attract investment and facilitate economic development, says a senior official.He said the new LCCT, which would cost RM1.6 billion in construction alone, will promote economic activity, particularly in the construction industry, and create jobs."It will also bring infrastructure improvements to the surrounding areas, attract more tourists and the development of ancillary facilities such as cargo facilities and hotels," he told reporters at a briefing in Kuala Lumpur on Tuesday.

The Negri Sembilan Vision City development is the second part of a bigger national development project called Central Vision Valley (CVV), which spans 415,000 acres. The first part is known as the Selangor Vision City."Sime Darby is the master planner for the CVV due to the fact that we are the biggest landowner in this area. Of the total 415,000 acres in the CVV, 80,000 acres belong to Sime Darby," the official said.

The group expects to complete the development of the two vision cities by 2025."Being a massive development (CVV), we need to attract regional investors. The primary target is the Asean region with a population of 600 million, and the secondary target is the Asian market with a four billion population."That's why the LCCT is an integral catalyst to the overall development because we've got to bring in all these visitors from all over the region," he said.

Where the catalyst for the Selangor Vision City is the Guthrie Corridor Expressway, the official said, the new LCCT will be Negri Sembilan Vision City's.The Negri Sembilan Vision City, covering 13,000 acres, comprises six property components. They are the Nilai high-tech park, the 500-acre Bandar Gemilang - an affordable housing township, a healthcare and wellness city, an educity, a sports city, the KLIA East@Labu and a tourism and entertainment area, which will be anchored by a waterfront resort development."

Eventually, we hope to have a direct access road from the KL International Airport (KLIA) main terminal building to the KLIA East@Labu, a distance that is slightly longer to the existing LCCT."We also hope to be able to extend the express rail link (ERL) from KL Sentral to KLIA East@Labu. And there is a possibility of creating another KTM Komuter stop at the Sepang Circuit and onwards to KLIA East@Labu," the official said."However, all these proposals are still at the conceptual stage," he added.

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