PDC will reopen bidding for the proposed 226-hectare Batu Kawan Industrial Park 2 (BKIP2) project in Byram after the second request for proposal (RFP) failed to materialise.
Chief Minister Chow Kon Yeow said the second RFP, which was advertised on March 10 last year, attracted two bidders. However, the process could not proceed after the successful bidder’s strategic or joint-venture partner withdrew from the proposal.
According to Chow, the bidder also failed to meet several key conditions outlined in the RFP requirements.
“As such, the PDC board has agreed to recall the RFP and will advertise it again soon,” he said in a written reply during the state assembly sitting.
The response was made to Batu Kawan Industrial Park-related questions raised by Lee Khai Loon regarding the status of the second bidding exercise.
Chow added that if the upcoming RFP still fails to secure a suitable strategic partner, PDC would reassess all available options, including the corporation’s financial position, project viability, and prevailing market conditions.
No details were disclosed regarding the successful bidder, the competing bidder, the proposed bid values, or the agreement terms.
The RM3.5 billion BKIP2 project previously drew public attention in 2023 when PDC signed a joint development agreement with Umech Land Sdn Bhd. The deal involved the sale of land valued at RM646.02 million.
However, the agreement was later terminated following scrutiny over the project valuation and ownership changes after Sunway Bhd acquired a 70% stake in Umech Land shortly before the agreement was signed.
In 2024, a consortium led by IJM Properties submitted an RM818 million proposal, but it was rejected for failing to comply with several key RFP requirements.
