GOPENG Nov 11: The first modern, integrated motorsport themed township with a gross development value (GDV) of RM15.1bil will be established here.
Known as T-City, the international level mega project will be undertaken by Goodland Group Ltd, a company listed on the main board of the Singapore Stock Exchange and Citrine Capital Pte Ltd, on a 184.5ha site.
Mentri Besar Datuk Seri Dr Zambry Abd Kadir said the development of the township would enhance Perak’s status and at the same time, speed up the its economic growth, as well as that of the country.
He said the project, planned over the past three years, was supported by the National Economic Council and Prime Minister Datuk Seri Najib Tun Razak himself wanted it to succeed.
“T-City will embody the smart city concept and involves three development phases with five key components, including the motorsport facilities and an entertainment hub.
“The other components are an automotive centre, retail and food industry outlets, a hotel and serviced apartments, alongside condominiums,” he told reporters in Gopeng after officiating the groundbreaking for the T-City project on Friday.
Zambry also said T-City would be equipped with comprehensive facilities and infrastructure, including a land transport terminal, petrol stations, parks, schools and a hospital.
He said the first phase of the project was expected to be completed in 10 years and cover 80.9ha, while embracing the first Formula 2 (F2) racing circuit in Malaysia and which is projected to be ready next June.
Meanwhile, Goodland Group executive chairman Tan Chee Beng hoped that T-City when completed in 15 to 20 years could adapt to the global changes.
“We are targeting to bring together automobile fans, motor racing enthusiasts, as well as car lovers from throughout the region under one roof,” he added.
Goodland Group is a 23-year-old property development company that has extensive holdings in the residential, commercial and industrial segments.
Citrine Capital is a specialised investment company focused on motorsport themed commercial development. – Bernama.