Parliament: No need for another convention centre

  • Nation
  • Thursday, 19 Nov 2009

KUALA LUMPUR: There is no need for the Government to back the development of another convention centre, said Liew Chin Tong (DAP-Bukit Bendera).

He was referring to the proposed RM628mil Matrade convention centre to be developed by Naza TTDI on a 5.3ha site in Jalan Duta, Kuala Lumpur.

In return, Naza will get 65 acres of prime land in the city — a deal which industry players told StarBiz was good for the developer because the market value of the land could reach RM1.5bil.

“It is a good deal for Naza, but a bad deal for Malaysians. If there is any need for a new convention centre, it should be built via a private venture without government backing,” said Liew.

He added that there were enough convention centres in the Klang Valley, such as the Kuala Lumpur Convention Centre, the Sime Darby Convention Centre and the Putrajaya International Convention Centre (PICC).

“PICC was built at a cost of RM600mil, fully paid for by the Government and is under-utilised. Last year, it collected RM2.8mil and this year it is expected to collect rental of RM2.5mil.

“It will take 300 years to recoup the cost, assuming zero maintenance,” said Liew.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 1
Cxense type: free
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights

Next In Nation

Motac extends licence renewal fee waiver period for tourism operators
Penang recorded 53 suicide deaths, 19 attempts from January to May this year
Police looking for man who claimed Kitingan practises racial politics
Sibu timber company claims over RM360,000 lost in alleged bank fraud
Works Ministry: 150 construction sites closed nationwide since June 1 for not following SOP
Selangor cops set to complete probe into case involving Neelofa’s mum
Bersatu's JB Srikandi wing permanent chairman, deputy and 10 committee members quit posts
Covid-19: New cluster detected at Penan village, 58 cases reported
LLM: All highway construction sites with scaffolding stopped until safety measures confirmed
Farmhand killed after rock-fall hits his home, wife and two children unhurt

Stories You'll Enjoy