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PNSB, IJM and LSH Collaborate To Transform Selangor’s Economy With Cohesive ESG Infrastructure Initiatives

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

Establishing a strategic collaboration to transform the road transportation infrastructure in Selangor. (From left to right): IJM Corporation Bhd chief executive officer for IJM toll division Wan Salwani Wan Yusoff, group chief executive officer and managing director Lee Chun Fai, Permodalan Negeri Selangor Bhd chief executive officer Raja Ahmad Shahrir Iskandar Raja Salim, Selangor state government, development deputy secretary Datuk Johary Anuar, Lim Seong Hai Capital Bhd (LSH) non-executive chairman Tan Sri Lim Keng Cheng, PNSB director Tuan Borhan Aman Shah, LSH executive vice chairman Datuk Lim Keng Guan and group managing director
Lim Pak Lian.

Leveraging the combined strengths of PNSB, IJM Corp, and LSH, PNSB will take the lead in planning, land management and project oversight, showcasing its commitment to Selangor’s strategic ambitions, while LSH and IJM Corp’s industry expertise will ensure effective execution and delivery.

This initiative is focused on the Southern Selangor Integrated Regional Development (IDRISS).

IDRISS aims to harness the economic potential of the Sepang and Kuala Langat districts and is expected to significantly contribute to Selangor’s development as a key hub for regional trade and investment.

Development projects within IDRISS cover a wide range of sectors, including industrial, logistics, warehousing, ports, commerce, housing, tourism and education.

PNSB chief executive officer Raja Ahmad Shahrir Iskandar Raja Salim said this partnership underscores the agency’s 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 Corp, 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 environmental, social and governance (ESG) framework,” he said in a statement.

An intent to collaborate agreement was signed between the three parties, signifying a unified commitment to this vision.

The collaboration will study various viable connectivity routes and plans to introduce key transportation links.

These efforts aim to improve connectivity, reduce travel time and create new development corridors.

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

In addition to immediate infrastructure enhancements, the projects will incorporate nature-positive infrastructure, including renewable energy, energy-efficient designs, sponge city planning model for flood mitigation and rehabilitation of mangrove forests, supporting Southern Selangor’s sustainable development.

IJM Corp group chief executive officer and managing director Lee Chun Fai said the company’s involvement in this initiative draws upon its 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,” he said.

LSH non-executive chairman Tan Sri Lim Keng Cheng said the company is excited to join forces with PNSB and IJM Corp on this strategic venture.

“Our 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,” he said.

This collaboration also represents a crucial step toward improving infrastructure connectivity and enhancing the economic landscape of Selangor’s southern districts.

It seeks to create a vibrant ecosystem conducive to business and investment, signalling a brighter outlook for the state.

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