Payout in millions for stalled project is in the city’s interest, says mayor

Soon to be restored: Work on the abandoned Plaza Rakyat project will begin within the next month, once DBKL makes the necessary payments.

THE abandoned Plaza Rakyat project in Kuala Lumpur will finally be revived next month with a new developer named after the Kuala Lumpur City Hall (DBKL) takes vacant possession of the site.

This was following the arbitrator’s July 4 decision in favour of the local authority which stated that DBKL was lawfully entitled to terminate the joint-venture agreement with developer Plaza Rakyat Sdn Bhd (PRSB).