KXP Airportcity Holdings Sdn Bhd has entered into a joint venture with an undisclosed company to acquire close to 10,000 acres of land in Sidam Kiri near Sungai Petani to build the Kulim international airport (KXP) and other related development. The new company will invest MYR 2 billion (US$ 494.61 million) for the acquisition of the land.
KXP airport project involves the construction of airport-related infrastructure as well as Sidam Logistics, Aerospace & Manufacturing Hub, and logistical infrastructure.
The authority will create a new special purpose vehicle (SPV) between a state GLC and the new funder to negotiate for an airport licence from the transport ministry.
Country updates
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February 10, 2021
US$ 180 million construction contract awarded for RTS link PPP
The Land Transport Authority (LTA) has awarded the second civil contract for the construction of Johor Bahru – Singapore Rapid Transit System (RTS) Link to China Communications Construction Comp...
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January 14, 2021
Termination of Kuala Lumpur-Singapore HSR PPP project
The government of Malaysia and Singapore has agreed to terminate the HSR Agreement in light of the impact of the COVID-19 pandemic on the economy. Both countries will abide by their respecti...
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November 17, 2020
Malaysian government to proceed with Kuala Lumpur-Singapore HSR PPP
The Ministry of Finance in Malaysia has stated it's intending to proceed with Kuala Lumpur-Singapore high-speed rail (HSR) line public-private partnership (PPP) project. The resuming of the...
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September 01, 2020
Malaysia launches 2 advisory tenders to resume Kuala Lumpur-Singapore HSR PPP project
Malaysia’s MyHSR Corporation, is launching two tenders to procure advisory services to assist with regulatory submissions to the relevant authorities, following the government's announcement to...
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June 15, 2020
MoU signature for Waste to Energy project in Penang
PLB Engineering Bhd’s subsidiary PLB Terang Sdn Bhd (PLBT) signed a memorandum of understanding (MoU) with Welle Environmental & Renewable Energy Sdn Bhd to jointly set up a municipal s...
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