BANDAR Malaysia Sdn Bhd will issue the request for proposal (RFP) for the RM12.35 billion Bandar Malaysia project before the week is up, reports The Edge Financial Daily.

“We are going to issue the RFP this week. We will put certain conditions this time around (in appointing the master developer),” company chairman Dr Mohd Irwan Serigar Abdullah said.

He told reporters after the launch of ColossusINNO 2017 yesterday that only renowned companies or those with great experience were allowed.

“There will be certain criteria and if they meet the criteria, only then can they participate,” said Irwan who is also chairman of TRX City Sdn Bhd.

He declined to comment on whether Iskandar Waterfront Holdings Sdn Bhd (IWH) had expressed interest to participate in the project again, The Edge Financial Daily said.

TRX City, a wholly-owned unit of the finance ministry (MoF), will make a final decision regarding the master developer by July 14.

TRX City last month terminated a planned sale of a 60% stake in Bandar Malaysia to IWH CREC Sdn Bhd, a 60:40 joint venture between IWH and China Railway Engineering Corp (M) Sdn Bhd.

TRX City said IWH CREC had failed to meet the payment obligations under the share sale agreement. In response, IWH CREC said the allegation was unacceptable, as IWH CREC had fulfilled “all the required payment obligations” under the agreement entered into on Dec 31, 2015. – June 22, 2017.