Malaysian offer to build 8,400 flats set to get nod
Saturday, 5 July 2014
The Cabinet Economic Affairs Committee is set to consider in its Sunday’s meeting an offer of the Malaysian government to construct 8,400 residential flats for Rajdhani Unnayan Kartipakkha (Rajuk), the capital’s development authority. The Malaysian government has offered to construct the flats under a government-to-government (G-to-G) agreement on design-build-transfer (DBT) basis. To this effect, Rajuk and the Malaysian authority have already signed a memorandum of understanding (MoU) in April this year, according to a news agency.