THE long-abandoned Plaza Rakyat project in Kuala Lumpur, which has been in limbo for almost 20 years, is set to be revived as a new contractor has been identified to carry out the rejuvenation work, Federal Territories Minister Datuk Seri Tengku Adnan Tengku Mansor said.
The findings of the arbitrator involved in negotiations with the developer, Plaza Rakyat Sdn Bhd (PRSB), and Kuala Lumpur City Hall (DBKL) confirmed that DBKL was lawfully entitled to terminate the agreement because of non-performance and breach by PRSB.
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