A joint venture (JV) company established by LSH Best Builders Sdn Bhd and Service Master (M) Sdn Bhd will operate KL Tower via a 20-year concession, Communications Minister Fahmi Fadzil announced on Wednesday (May 29).
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NewsTranscript
00:00The last thing I would like to say is that today the Prime Minister has also decided that the Kuala Lumpur Tower that was previously managed by a company has been decided through the RFP process,
00:26and there are 5 companies that have submitted their tenders to continue the operation of the Kuala Lumpur Tower.
00:40Out of the 5, there is one company that has been chosen by the government, which is LSH Best Builders, and Service Master Malaysia.
00:59LSH Best Builders has been able to meet all the requirements, and there are no issues. All of the tenders have been conducted with integrity and no issues have arisen.
01:20The next step is to issue a letter to the company.
01:27I would like to mention that the Kuala Lumpur Tower issue has been resolved by the Ministry of Communications.
01:41The Ministry of Communications has informed us that this concession will last for 20 years, and there is information that will be provided by the UKAS.
01:55All companies that want to be involved in this tender process need to have financial support of at least RM18 million.