Developing land near LRT stations

Thursday, 16 February 2012 08:57

Syarikat  Prasarana Negara Berhad (Prasarana) is looking at developing stations with land around it into a rail-plus-property model.

The first on the list is the Dang Wangi station near Wisma Denmark on the Kelana Jaya line.

Project development group director Zulkifli Mohd Yusoff, however, said the joint-venture project was still in the planning stage.

“Plans are already in the pipeline for such a project similar to the Mass Transit Railway (MTR) scheme in Hong Kong. The areas surrounding the station would be developed for both commercial and residential purposes,” he said during a media briefing on the latest development of the LRT Line Extension Project (LEP).

Zulkifli added that the company was also looking for models for stations located along the new extension lines on both the Ampang and Kelana Jaya lines.

“We are now paying more attention to model stations especially in high traffic volume areas of Ara Damansara on the old airport road, Bukit Jalil, near the Subang Jaya KTM station and Awan Besar along the LDP.

“These are areas we believe that have the potential for property development,” he added.

Meanwhile, Putra Heights residents will enjoy the best of both the Ampang and Kelana Jaya extension lines when it is completed in 2014 as a common station or Station 13 is located in the area.

Zulkifli said 20% of the work was already completed on both the LRT Line Extension Project.

The Kelana Jaya line costing RM2.5bil is scheduled to be completed by the end of 2014 and the Ampang line costing RM2bil, two months earlier.

The LEP project commenced in 2010 and is part of a massive effort by the Government to transform the public transport services which includes the construction of the MyRapid Transit (MRT) and an integrated rail network.

From The Star