JOHOR BARU: Johor Corporation (JCorp), through its subsidiary Johor Land Bhd, will undertake a RM1 billion integrated development project, the "Larkin Central Park" in Larkin next year.
President & chief executive Datuk Kamaruzzaman Abu Kassim said the project covering more than 40 hectares belonging to the group and the Johor state government focuses on development that will benefit the people.
Larkin Central Park, he added, will also embrace the building of sports infrastructure such as upgrading the existing football stadium, a swimming pool and an indoor stadium.
The football stadium can at present seat up to 30,000 spectators. But with the upgrading, the number will go up to 40,000.
"At the same time, affordable housing in the form of apartments of not more than 400 units, as well as a commercial area will also be developed," Kamaruzzaman said.
"The project has been approved by the state Exco.We are now finalising the development plan. We hope to finalise it before year-end for submission to the authorities," he told reporters after a breaking of the fast event here last night.
To ensure the project proceeds smoothly, JCorp has allocated RM270 million for upgrading and widening works of roads as well as other infrastructure for the local community.
Larkin Central Park, which will see the indoor stadium becoming a iconic landmark in the city, is expected to be fully completed within three to four years.-- Bernama