PNSB, IJM and LSH collaborate to transform Selangor economy

KUALA LUMPUR: Permodalan Negeri Selangor Bhd (PNSB), IJM Corp Bhd and Lim Seong Hai Capital Bhd (LSH) have announced a strategic collaboration targeted at transforming the road transportation infrastructure in the southern districts of Selangor.

In a joint statement, ithe companies said the initiative is focused on the Southern Selangor Integrated Regional Development (IDRISS).

IDRISS aims to boost the economic potential of Sepang and Kuala Langat districts through diverse development projects spanning industrial, logistics, warehousing, ports, commerce, housing, tourism, and education. It is poised to make a substantial contribution to Selangor’s emergence as a pivotal hub for regional trade and investment.

The collaboration will study various viable connectivity routes and plans to introduce key transportation links. These efforts are aimed at improving connectivity, reducing travel time and creating new development corridors.

By bolstering Selangor’s logistics and transport efficiency, the initiative seeks to invigorate local economies by providing better access to markets, services and employment opportunities, the statement said.

PNSB chief executive officer (CEO) Raja Ahmad Shahrir Iskandar Raja Salim this partnership underscores its commitment to harnessing the economic potential of Southern Selangor.

“Leveraging PNSB’s extensive experience and deep understanding of the state’s local development needs, alongside the collective strengths of LSH and IJM, we aim to create a robust infrastructure that supports our long-term vision for the region’s growth and development while incorporating sustainable elements within an ESG Framework.”

Meanwhile, IJM group CEO and managing director Lee Chun Fai said: “Our involvement in this initiative draws upon IJM’s core expertise in construction and infrastructure development to support Selangor’s growth. We aim to meet the state’s immediate and future infrastructure needs, ensuring long-term benefits. Our approach is pragmatic, focused on the well-being of the community and sustainable regional development.”

LSH non-executive chairman Tan Sri Lim Keng Cheng said its combined expertise in capital management and infrastructure development will ensure the successful realisation of the IDRISS initiative.

“This collaboration aims to elevate Selangor’s transportation infrastructure, becoming the backbone of the region’s economic growth.”