Malaysia to invest $ 30 bn in urban development

Fri, 2015-10-16 15:45 -- SCC India Staff

Malaysia's Construction Industry Development Board (CIDB) has proposed to invest $ 30 billion in two urban development and housing projects in India, as per a statement from the Ministry of Urban Development.

Malaysia's Minister of Works, Haji Fadillah Bin Haji Yusof, along with a 30-member delegation, met Union Minister of Urban Development and Housing & Urban Poverty Alleviation M Venkaiah Naidu on October 15, 2015 in New Delhi.

"Re-development of New Delhi Railway Station adjoining area as a mini-smart city is proposed to be taken up with an investment of about $ 26 billion. CIDB also proposed to take up a Green City Project at Garhmukhteshwar in Uttar Pradesh involving housing and Ganga cleaning projects with an investment of about $ 4 billion," the statement said.

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