Abdul-Aziz, A R and How, Y M (2012) To-be-reclaimed land swap for new highway: The Jelutong expressway case. International Journal of Construction Management, 12(4), pp. 1-16. ISSN 1562-3599
Abstract
This case study documents a novel privatisation format, one in which the highway developer, the Jelutong Development Sdn Bhd (JDSB), was compensated for the construction of a 4.7 km three-lane dual carriageway with 368 acres of mainly as yet unreclaimed land at its own expense. JDSB exhibited innovations when undertaking the project. Organisational-contractual innovations included coming up with the most attractive bid by way of most number of dwellings for low and low-medium earners and the smallest development lands as compensation. One financial-revenue innovation was generating real estate development revenue even as the highway was being constructed. The process innovations included locking-in the cost of highway construction contractually as well as through prudent management. Product innovations included dry vibro replacement technique. The paper concludes by highlighting a few salient points for highway developers and government agencies to consider when confronted with a similar project.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | case study; financing; highway construction; land swap; Malaysia; privatisation; reclaimed land |
| Index terms: | Malaysia, privatization, government agency, land, case study, replacement, compensation, highway construction, real estate development, product innovation, documents, revenue, financing |
| Subjects: | dispute resolution, data collection methods, Geography, administrative law, materials science, real estate economics, innovation studies, economic analysis, civil engineering, economic development, professional development |
| Topics: | Information Management, Engineering Principles, Research Practice, Legal Issues, Urban Studies, Geographical Context, Business Strategy |
| Descriptive scope: | 3 PCE |
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