ISKANDAR PUTERI: The successful completion of the Coastal Highway Southern Link (CHSL) is expected to attract more local and foreign investment in the region.

Iskandar Investment Bhd (IIB) president and chief executive officer Datuk Khairil Anwar Ahmad said it would also contribute to the growth of Iskandar Malaysia.

“The opening of this highway also symbolises our strong commitment in working together with the Johor government to further enhance development and connectivity in Iskandar Malaysia and the state,” he said at the official opening of CHSL.

The project was a joint collaboration between UEM Sunrise Bhd through its wholly owned subsidiary Nusajaya Rise Sdn Bhd, Sunway Iskandar Development Sdn Bhd (SIDSB) and Mulpha International Bhd.

Khairul added the toll-free highway would halve travelling time to five minutes from the Sultan Abu Bakar Customs, Immigration and Quarantine complex at the Second Link to Medini in Iskandar Puteri.

He noted the project was an important milestone for Iskandar Puteri.

The RM234mil project links the Iskandar Coastal Highway to the Second Link Expressway. The 5.2km dual carriageway road has two interchanges, two junctions and two bridges.

It was launched by Johor Mentri Besar Datuk Seri Mohamed Khaled Nordin. Also present were Mulpha International executive director Eric Lee and Iskandar Puteri mayor Adib Azhari Daud.

Meanwhile, property developers are optimistic that the market in the state will rebound next year.

UEM Sunrise chief executive officer and managing director Anwar Syahrin Abdul Ajib said developers were more cautious now due to supply exceeding demand.

“Developers will try to ensure that the areas they are planning to have projects in come with existing infrastructure,” he said.

Sunway Group chairman and founder Tan Sri Jeffrey Cheah said developers would be more confident if the right policy and incentives are put in place.

“I think the Government is proactive in coming up with ways to help developers,’ said Cheah.

Source: The Star Online