/// East Malaysia Property News
Setting Up China ConsulGeneral Office in KK Lauded
Sabah-Labuan Bridge Almost Ready to Be Built
Labuan Entreport and the
Sabah-Labuan Bridge to be
assigned by the developer.
The overall construction
cost of the bridge, port and
reclamation of the islands
with basic infrastructure are
estimated at US$5.4 billion
and the overall development
cost over 20 years is
estimated at US$20 billion.
Datuk Seri Winston Liaw (second, right) and Jacky
(second, left) together with Margaret (right) and
Thomson (left) of Airworld Travel, awarded “Asia’s Best
Service Excellence”
The Federation of
Chinese Associations of
Sabah (FCAS) said the
China Government’s
decision to open a
consul-general office
here will boost tourism.
Until July this year,
Sabah recorded 204,129
tourist arrival from
China, surpassing the
193,010 recorded last
year.
The move was
announced by Prime
Minister Datuk Seri
Najib Razak on Friday
after his meeting with
visiting China President
Xi Jinping.
China Government will
set up the consulate in
KK and Penang while
Malaysia will set up a
similar office in Nanning.
FCAS president Datuk
TC Goh said he was
convinced that the
decision would further
strengthen the existing
bilateral ties between
the two nations.
confidence of Chinese
tourists to come
here,” he said in Press
statement.
Sabah Association of
Tour and Travel Agents
(SATTA) chairman Datuk
Seri Winston Liaw also
welcomed the move as
it would give sense of
security to its people.
“If they encounter
any problems while
on holiday here, they
can go straight to the
embassy office to seek
help,” he added.
Winston also added that
the move would enable
people of Sabah to
apply visa to visit or stay
in China without much
hassle.
“This will help to save
time and money as
at present applicants
have to deal the matter
in Sarawak or Kuala
Lumpur,” he said.
“We will give full support
and assistance to the
setting up of the office
to ensure its speedy and
smooth establishment.
“The move will definitely
benefit the state as a
whole, particulary Kota
Kinabalu, as it will boost
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www.PropertyHunter.com.my
A new bridge linking Sabah
with Labuan Island is timely
to cater for the continuous
growth of the oil and gas
industry and its related
businesses, said architect
of Labuan Bridge, Sim Sie
Hong.
expertise and the chairman
of the company, Tan
Sri Harris Salleh has an
outstanding working
relationship with the present
government of Sabah and
the Federal Territory of
Labuan.
The need for the bridge
was long overdue, he said
yesterday during a briefing
session for the leaders
of Malay, Kadazandusun,
Chinese and Indian
chambers of commerce at
Tiara Labuan Hotel.
“Shandong Laigang
Construction Co. Ltd has
assets in China exceeding
RMB80 billion with a
paid up capital of RMB1
billion. Shandong Laigang
is also part of Shandong
Steel, which is listed in the
Shanghai Stock Exchange.
“When the bridge is
completed, the new
integrated entreport in
Labuan and the SabahLabuan Bridge will bring
business opportunities to
both Sabah and Labuan.
“There will be many
economic spin-offs from
the region especially in
the Kuala Penyu peninsula
stretching from Menumbok
to Kuala Penyu town and
toward Beaufort and
Sipitang areas,” he said.
Gaya House Sdn Bhd
and Shandong Laigang
Construction Co. Ltd. have
entered into a joint venture
agreement to set up a local
incorporated company
named Sh andong Laigang
Gaya Sdn. Bhd. to undertake
the development of the two
projects.
Hong disclosed that the
combined asset of the two
companies exceeded the
value of RM50 billion.
“Gaya House Sdn. Bhd.
possess local management
“They are one of the largest
steel companies in China.
They have been involved
in the construction of the
longest bridge in China,
Jiaozhouwan Bridge, which
is 37 Km crossing the Jiao
Zhou Bay from Qingdao to
Huangdao in the Shandong
Province,” he said.
He said Shandong Laigang
Construction Co. Ltd would
undertake the financing and
construction of the Labuan
Integrated Entreport and
the Sabah-Labuan Bridge.
The payment for the project
from Sabah government
and Labuan Corporation
would be in lieu of land of
3,400 acres from Labuan
Corporation and 2,000 acres
from Sabah for various
commercial, residential and
marina development.
He said the Sabah
government would
benefit from 2,100 acres
of reclaimed land and
the 30 years of operation
concession right of the
Hong said the 13Km SabahLabuan Bridge would not
only benefit Labuan, but
also to Menumbok, Kuala
Penyu and its vicinity.
Currently, he said there
was no problem funding
the projects, but they were
still waiting for the approval
from the Sabah and Federal
governments before
they can move further in
implementing the projects.