WORK is to begin soon on the Iskandar Development Region's (Iskandar) three theme zones in Node 1, the flagship catalyst project to grow the first integrated international city there.Rim City Sdn Bhd (RCSB), the master concessionaire of Node 1, and Cultural Cluster Sdn Bhd (CCSB) have jointly announced that the definitive agreement has been made effective.In a joint statement recently, RCSB and CCSB said Node 1 is set on 931ha of prime greenfield land in Nusajaya, located between the second crossing to Singapore and the New Johor State Administrative Centre."CCSB is vested with the development of the Logistics Village, Creative Park and Heritage District, covering about 251ha, offering an abundant choice in residential and commercial properties and mixed development," it said.RCSB and CCSB said that the transaction is valued at RM1.2 billion. - Bernama
(New Straits Times 18-2-2008)
