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New firm to revive Plaza Rakyat

KUALA LUMPUR: The revival of the abandoned Plaza Rakyat project in Jalan Pudu here is headed the way of controversy, with the Kuala Lumpur City Hall (DBKL) looking to appoint a new company to undertake the job.

Kuala Lumpur mayor Datuk Seri Ahmad Phesal Talib revealed yesterday that DBKL did not recognise the appointment of Ivory Properties Group Bhd to revive the project.

On the other hand, Ivory, which had won the rights to revive the project after a tender exercise conducted by Plaza Rakyat Sdn Bhd (PRSB) in September last year, has not given up on undertaking the job.

Under the agreement, PRSB would transfer …
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