Completion of coastal highway primary KPI for IIB


KUALA LUMPUR: The completion of the RM180mil Coastal Highway Southern Link (CHSL) is the primary key performance indicator for Iskandar Investment Bhd (IIB) this year, said president and chief executive officer Datuk Khairil Anwar Ahmad.

He said the almost-completed coastal highway linking Medini to the second link would enable users to drive directly to the Sultan Iskandar Building Customs, Immigration and Quarantine Complex in Johor Baru without having to exit the main highway.

“Work began in 2015 and the highway should be completed by end of this month. However, we need time to carry out inspections before opening the highway,” he told reporters at the breaking of fast here Monday.

The highway was co-funded by stakeholders, as well as the Federal Government through the Public-Private Partnership Unit of the Prime Minister’s Department.

Khairil Anwar said IIB was also focusing on some placement-making activities to re-brand Nusajaya to Iskandar Puteri in an effort to turn it into a multi-purpose destination.

“Visitors come to Iskandar Puteri to go to Legoland or Gleneagles Hospital, but we want to make it a destination with many activities,” said Khairil Anwar.

With Iskandar Puteri’s Educity underway, Iskandar Investment Bhd will help its education partners in terms of enrolment and enhancing student experience in the next few years.

Boasting RM700mil in investment, Iskandar Puteri has six universities – University of Newcastle, University of Southampton, Multimedia University, the Netherlands Maritime Institute of Technology, Raffles University Iskandar, and University of Reading.

Incorporated in November 2006, IIB is a strategic developer to stimulate the long-term development of Iskandar Malaysia. IIB focuses on Iskandar Puteri (previously known as Nusajaya) or Flagship Zone B. Khazanah Nasional Bhd, the Employees Provident Fund and Kumpulan Prasarana Rakyat Johor are its shareholders. – Bernama

Get 20% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Business , CHSL , Coastal , highway

Next In Business News

The herd mentality fallacy
Centralised housing data bank needed
Stairlifts versus escape routes
Gold preparing to enter digital era
Structural reforms herald new era
Investors pile into US Treasury bills
Data centres next door: At what cost?
The water sector’s long-awaited upcycle�
Smarter way to build wealth
PPI surge signals hidden inflation risks

Others Also Read