Economic Affairs Minister Mohamad Azmin Ali has said the revived Bandar Malaysia project will not receive allocations from the government and will be driven by the private sector.

“This project is not only a commercial and residential property development, but it is a strategic development that can attract investors from overseas multinational companies especially in the financial sector. 

"We want to make Malaysia a financial hub again in the region," he told reporters after reviewing Felda's new generation housing project at Palong 8 in Jempol, Negeri Sembilan today.

“We believe in the principle that it must be done with open tenders where we can obtain information and that was among the reasons why the old administration terminated the original agreement on the basis of consideration for illegal remuneration,” he said.

Yesterday, Prime Minister Dr Mahathir Mohamad announced that the government would resume the Bandar Malaysia project with a gross development value of RM140 billion after it was suddenly stopped in May 2017.

Earlier, Mohamed Azmin, who was on a one-day working visit to the state, attended a programme with Felda settlers from Felda Raja Alias at Palong 8 here.

In the programme, he also explained to the settlers about the white paper “Towards Felda’s Sustainability” which was tabled on April 10 at the Dewan Rakyat.

He then presented awards to selected recipients. - Bernama