A study on the land use along the Klang and Gombak rivers will be completed this month as part of the River of Life (ROL) project.
Performance Management and Delivery Unit (Pemandu) NKEA Greater Kuala Lumpur/Klang Valley director Mohd Azharuddin Mat Sah said once the river cleaning and beautification process is done, it will spur economic investments into the areas immediately surrounding the river corridor.
“Through the study, we will be able to find out the value and the best use of the land as well as the timing to sell the land.
“We would then be able to advise the government accordingly,” he said during a ROL project media familiarisation visit to key sites recently.
He said there were 108 lots identified and the three-year moratorium on them ended on Feb 7.
“A moratorium was put in place to maximise the land’s value. If we had sold it three years ago and the land value appreciates, we would have missed the boat to cover the cost of the project,” he said.
He added that they had learnt from similar projects in other countries that land value around rivers would appreciate once completed.
This exercise is expected to recoup RM4.4bil on the cost of the ROL project.
“Once the study is completed, we would need to review and finalise before submitting it to the Kuala Lumpur mayor by March.
“Federal Territories Minister Datuk Seri Tengku Adnan Tengku Mansor will have the final say on how to go forward from here,” Mohd Azharuddin said.
He also said the six-month Market and Feasibility Study of Freezed Government Land is conducted by CH WIlliams Talhar and Wong Sdn Bhd, which was appointed by Kuala Lumpur City Hall (DBKL).
It was reported that the Federal Government had allocated RM4bil for the ROL project.
It began in 2012 and different parcels are in various stages of completion, all of which are to raise the river water quality from the current Class III and Class IV (not suitable for body contact) to Class IIB (suitable for body contact and recreational usage) by year 2020.
The project area covers Sungai Klang from its upstream until its confluence with Sungai Kerayong, as well as its tributaries, the Gombak, Batu, Bunus, Jinjang and Kerayong rivers — totalling 110km.
ROL is a project under the Government’s Economic Transformation Programme, initiated under the Greater Kuala Lumpur National Key Economic Area.
The beautification project will include 11 spots starting with river corridors in Titiwangsa, Pekeliling, PWTC, Sime Darby loop, Dang Wangi, Raja Laut, Masjid Jamek, Railway Station, Brickfields, KL Sentral and Seputeh.
Masjid Jamek area, which comes under Precinct 7, is not only strategic, but has great potential to become a vibrant tourist spot.
A historical staircase, that is said to be 100 years old, adjoining Masjid Jamek was unearthed after works for the ROL project in the area commenced.