JOHOR BARU: Work on the wellness township project at a waterfront area in Danga Bay in Iskandar Malaysia is likely to start this year, Johor Mentri Besar Datuk Abdul Ghani Othman said.
Both Khazanah Nasional Bhd and Temasek Holdings Ltd had shown their commitment to the project, he said.
“There are several issues that need to be sorted out by the two parties before embarking on the joint venture,” he said before briefing reporters on the progress of Iskandar Malaysia here yesterday.
Khazanah and Temasek Holdings will be developing the project on the 202ha site.
Abdul Ghani, who is also Iskandar Regional Development Authority co-chairman with Prime Minister Datuk Seri Najib Tun Razak, said the project came under the Points of Agreement ++ (POA++).
He explained that the POA++ referred to matters other than the POA signed in 1990 on the development of KTM Bhd land in Singapore and the relocation of the railway station from Tanjung Pagar to Woodlands by July 1 next year.
In May last year, Najib and his Singapore counterpart Lee Hsien Loong had jointly announced the project between Khazanah Nasional and Temasek Holdings in Iskandar Malaysia.
Among others, the wellness township would offer medical services, holistic wellness services and facilities, and alternative medical treatment.
“It will not include a retirement village like the ones in Florida,” he said.
Abdul Ghani also said Malaysia and Singapore had been discussing ways to improve accessibility between Iskandar Malaysia and Singapore.
A rapid transit system between Johor Baru and Singapore would be jointly developed and integrated with public transport services in Johor Baru and Singapore, he said.