by: Shuhaida Mohd Said
ALOR SETAR, July 3 (Bernama) -- Plaza Tunku Yaacob at the Sultan Abdul Halim Highway, opposite Menara Alor Setar, here, will be given a RM300 million facelift, incorporating a five-star hotel, the first in the state.
Menteri Besar Datuk Seri Azizan Abdul Razak said the plaza, abandoned for 28 years, would be revived in two phases -- reinforcing the building structure and developing the vacant land nearby.
He said the plaza would also have three-star budget hotels to provide a choice to certain guests, a convention centure and an international standard shopping complex similar to that found in Kuala Lumpur and Singapore.
The project slated to start next year is a tripartite joint venture among Belleview Bina Sdn Bhd, Bina Darulaman Berhad and Kedah State Development Corporation.
"The state government is optimistic with the initiative to revive the plaza and is confident to complete it within the specified timeframe -- about three years after approvals were received from relevant government agencies and local authorities.
"The State Development Corporation will hold 20 per cent stake in the joint-venture entity. Sufficient cashflow to finance the redevelopment will be provided by Belleview," he told reporters.
Azizan hoped government-linked companies in Kedah and local contractors would be given the opportunity to participate in the plaza reconstruction work.
"The project will also provide opportunities to Bumiputera petty traders to venture into retail business and operate food outlets at the food court inside the commercial complex.
"Kedah will have a new landmark that will change the image of the Alor Setar City and will generate businesses for government-linked companies," he added.
-- BERNAMA
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