by ASILA JALIL / pic by MUHD AMIN NAHARUL
CONSTRUCTION work at Tun Razak Exchange (TRX) which was affected by the pandemic has seen improvement following the reopening of economic sectors.
TRX City Sdn Bhd CEO Datuk Azmar Talib said the management has ensured that everyone involved in the 70-acre (28ha) development project complies to stringent standard operating procedures (SOPs) to ensure smooth operations on site.
“There were delays in construction during the Movement Control Order but we were very stringent on safety measures, as well as in the implementation of the SOPs,” he said yesterday, adding that work on the site is slowly going back to pre-Covid environment.
The company did face some problems in terms of worker shortage, however, Azmar said the same issue was faced by contenders in the industry as foreign workers had gone back to their respective countries and were not able to return to Malaysia.
The development of infrastructure for the site has reached 80% completion, while the Exchange TRX which houses a rooftop park and retail stores will be completed by the fourth quarter of next year.
TRX City which is situated in the heart of Kuala Lumpur is set to become a leading centre for international finance and business.
With an estimated GDV of RM40 billion, the entire TRX project is expected to be completed in phases over the next 15 to 20 years.
TRX opened its doors in 2019 with the operation of Menara Prudential and Exchange 106.
HSBC and Affin Bank headquarters will be operating from the district starting next year while the TRX Residences and Core Residence are due for completion in 2023.
Azmar said TRX is also setting new standards in water conservation as all wastewater generated on site will be recycled for non-potable water usage. All buildings will also utilise water-efficient fittings and fixtures to further reduce demand.
These efforts will cut over 50% in total potable water demand compared to a typical development recycling at least 80% of wastewater produced by the district.
Meanwhile, Lendlease Malaysia MD and country head Stuart Mendel said almost 50% of the retail spaces have been leased to various well-known companies such as multiplex cinema operator Golden Screen Cinemas and Dairy Farm.
“We will be able to lease the rest of the space over 12 months. We have major international and local retailers onboard which we will announce in the first quarter of 2022,” he said.
The site has 28 plots where 50% will be for offices while 30% is reserved for residential. The remaining 20% of the area is for two hotel buildings and a retail mall.
A total of 10 acres (4ha) of land will be used for the development of the public park. The whole area will have 21,500 car parks.