JOHOR BARU: Real estate developer Central Malaysian Properties Sdn Bhd (CMP) will start work on a RM2.7bil waterfront development project along Lido Beach here by September this year.
It will take 24 months to complete the land reclamation, which will extend between 0.04km and 0.45km into the Straits of Johor along a 2.4km stretch of the beachfront here.
CMP managing director Datuk Chan Tian Ghee said the company has secured full Environment Impact Assessment (EIA) approvals for the project.
"The land reclamation would be strictly monitored with stringent measures in place to protect marine life, the coastal environment and the livelihoods of affected fishermen.
"As part of the EIA requirements, an Emergency Response Plan and Environmenal Management Plan will be put in place before work starts to deal with any environmental issues," he said in a statement.
The project, named Lido Boulevard is an integrated residential-cum-commercial city. The project is also one of the biggest private finance initiatives to date within Iskandar Malaysia or the Southern Corridor.
Did you find this article insightful?