Felda sets up consultative committee for vertical city project

Felda sets up consultative committee for vertical city project

Its chairman Megat Zaharuddin Megat Mohd Nor says the committee will discuss with property developer Synergy Promenade on the proposed KLVC.

KUALA LUMPUR:
A new consultative committee has been established to review and negotiate with Synergy Promenade Sdn Bhd over the Kuala Lumpur Vertical City (KLVC) project, said Federal Land Development Authority (Felda) chairman Megat Zaharuddin Megat Mohd Nor.

He said this was because the previous investigation committee had failed to reveal the full forensic report to the new board.

“We had a consultative committee previously and they were given a six-month period which ended on July 16, right before the new board was set up.

“As such, to restart the discussion with them (Synergy Promenade), we need to know how to frame it,” he told reporters during a special media briefing here today.

Megat Zaharuddin said the new consultative committee was in the midst of finalising the mandate and would begin negotiations with Synergy Promenade before year-end.

“We are currently gathering information from the management and also talking to the lawyers,” he added.

Megat Zaharuddin did not deny that a new forensic investigation might be set up to look into other areas.

The information would be submitted to the government as a White Paper, which is expected to be presented at the next parliamentary sitting before the year ends.

The paper would address various issues in Felda, including poor planning, governance and malpractices in the organisation.

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