Corporate News 19-May-08
BSEL Infrastructure signs MOU with IRDA, Malaysia
On 16 May 2008
BSEL Infrastructure Realty on 16 May 2008 has signed an MOU with Federal Government's Statutory body Iskandar Regional Development Authority (IRDA) wherein BSEL has committed to make investment in Iskandar Malaysia to the tune of RM 15,000,000,000 over a period of twelve years. BSEL has collaborated with IRDA to develop Iskandar Malaysia, designed to be Southern Peninsular Malaysia's most developed region. IRDA will help BSEL seek approvals and permissions from various authorities for facilitating its development process.
The company made this announcement during the trading hours today, 19 May 2008.
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