Ekovest to complete Blue River Project by August

The River of Life initiative in the Klang Valley aims to bring the community to the river by transforming the city’s waterfront into a vibrant area with high economic and commercial value. — AECOM

KUALA LUMPUR: Ekovest Bhd’s wholly-owned subsidiary, EkoRiver Construction Sdn Bhd, plans to complete the “Blue River Project”, in the vicinity of the River of Life Precinct 7 – Masjid Jamek Kuala Lumpur Zone, by Aug 30.

The construction and property development company told Bursa Malaysia that EkoRiver received the letter of award from the Kuala Lumpur City Hall as the design and build contractor for the 18-week project.

The total contract value of RM79mil for the project includes the five-year operations and maintenance period.

There is no description given on what “Blue River Project” entails, but it is believed to be part of the beautification of the 10.7km stretch from Sentul to Brickfields into a thriving riverfront.

It was reported that the Government hoped to make about RM4bil from riverbank land sale once the River of Life project was completed.

Ekovest is the sole project delivery partner for the RM4.4bil River of Life with the Government following the exit of Malaysian Resources Corp Bhd.