LSH Best Builders, Service Master to operate KL Tower via 20-year concession, says Fahmi
Communications Minister Fahmi Fadzil said the decision was made after the government and the Public Private Partnership Unit (UKAS) evaluated tenders and proposals following a request for proposal (RFP) to manage KL Tower.
PUTRJAYA (May 29): A joint-venture company established by LSH Best Builders Sdn Bhd and Service Master (M) Sdn Bhd will operate KL Tower via a 20-year concession, said Communications Minister Fahmi Fadzil.
The minister said the decision was made after the government and the Public Private Partnership Unit (UKAS) evaluated tenders and proposals following a request for proposal (RFP) to manage KL Tower.
“LSH Best Builders has met all the terms [of the RFP]. No integrity issues or any other problems were found, and the next step is to issue the letter [of award].
“All companies involved in the tender needed to have the required financial capacity of at least RM18 million,” Fahmi said at a press conference after Wednesday’s Cabinet meeting.
Fahmi, who is also the unity government’s spokesman, said that further details of the award of the tender will be provided by UKAS.
“I raised this matter because previously, issues concerning KL Tower involved the Ministry of Communications, or were answered by the communications minister.
“The Cabinet has now decided that the concession period will be for 20 years,” he said.
KL Tower was previously managed by Menara Kuala Lumpur Sdn Bhd, a wholly owned subsidiary of Telekom Malaysia Bhd (TM).
In October 2021, TM notified the government that it had decided not to pursue the renewal of the KL Tower concession after evaluating the transformation of KL Tower’s business nature from telecommunications services to hospitality and tourism.
Following TM’s decision, the process to select a new concessionaire was undertaken by the government in 2022.
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Source: EdgeProp.my
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