KUALA LUMPUR, June 5 — The Federal Land Development Authority (Felda) has inked a memorandum of understanding (MoU) with Encorp Bhd, under which the latter will undertake the design and construction of housing for Felda employees.
The MoU entails the development of 189 housing units, which will be built in phases, part of a planned total of 450 units.
Felda chairman Datuk Seri Ahmad Shabery Cheek said the project would serve as a catalyst for boosting morale and motivation among Felda employees.
“Based on the design, we can estimate each unit to cost around RM300,000-RM350,000.
“Part of the budget was allocated earlier and has not been affected by the current crisis. Therefore, we are maintaining the budget and remain committed to implementing what was planned and approved from the outset,” he told reporters after the MoU signing ceremony between Felda and Encorp here today.
Under the MoU, Encorp, which is also a Felda subsidiary, was appointed as the main contractor for the design and construction of the development, subject to the necessary approvals and the execution of definitive agreements by both parties.
Ahmad Shabery stressed that despite Encorp being a Felda subsidiary, there would be no compromise on standards or its ability to deliver quality products and workmanship.
Meanwhile, Encorp Group chief executive officer Ahmad Harzimi Mohd Taib said the construction of the 189 housing units will be conducted in three phases across several regions, including the East Coast, Northern and Southern regions, as well as Sabah.
He said the company expects to receive the Letter of Acceptance this month, and the project is expected to take 24 months to complete.
The first phase will involve the construction of 62 housing units in Kuantan, Jengka and Mempaga in Pahang, as well as in Johor Bahru and Negeri Sembilan.
Ahmad Harzimi added that the second phase will see the construction of 63 units, while 64 units will be built during the third phase.
