MALACCA, Jan 27 — The Rio@Sungai Melaka Hotel worth RM200 million will be developed between Panglima Awang Bridge and Jalan Tun Mutahir here that will complete the development of Hang Tuah Trade Centre.
Chief Minister Datuk Seri Idris Haron said the 32-storey hotel which would be developed by Smart Growth Development (SGD) Sdn Bhd with the collaboration of Melaka River and Beach Development Corporation (PPSPM) was scheduled to complete in two years and eight months.
He said the development would also comprise serviced apartments, a shopping centre and health and fitness facilities.
“This project will complete the Hang Tuah Trade Centre development which we have planned around Sungai Melaka river basin.
“It is touted to become one of the icons in the state, where a canal will also be built under the building, to become a terminal for boats that are available at River Cruise,” he told reporters after the signing of a joint-venture agreement between Smart Growth Development Sdn Bhd and PPSPM here, Wednesday.
Idris said the building would also become the management and administrative centre for PPSPM, besides helping to stimulate activities along the river to attract tourists.
Meanwhile, he said the state government planned another eight development projects that would be implemented in stages soon in the vicinity of the trade centre involving a 40.5-hectare area covering Jalan Hang Tuah, Jalan Tun Ali, Pengkalan Rama and Kampung Morten.
Idris said among the projects were Educity that would house several institutes of higher learning in that area.
“We expect this area to become a one-stop centre complete with investment, tourism and higher learning activities that will provide benefits to the residents in five to 30 years’ time,” he said.
Earlier, Idris who is also PPSPM chairman as well as PPSPM chief executive officer (CEO) Nazary Ahmad signed the joint-venture agreement on behalf of PPSPM while SGD was represented by its CEO Tan Kim Chuan and Business Development Director Azrin Hashimi Abd Sukor.