Business

Friday October 9, 2009

MRCB to recoup IT spending on Sentral Park in 3 years


KUALA LUMPUR: Malaysian Resources Corp Bhd (MRCB), which expects to invest up to RM36mil to deploy integrated information technology (IT) solutions at KL Sentral Park, sees a return on investment in less than 36 months.

Group managing director Shahril Ridza Ridzuan said the IT solutions constituted about 5% of the RM720mil gross development value for the project, which is situated within the KL Sentral enclave.

KL Sentral Park, which is scheduled to be completed by 2011, is the first pilot project utilising the Cisco Smart+Connected Communities framework and involves integrating Cisco’s end-to-end technology and building solutions.

Shahril said the deployment of such infrastructure would raise the value of the project and deliver savings for the company.

“We expect to have additional revenue from services and lower operating costs in terms of return on investment,” he said after a tripartite memorandum of understanding signing ceremony between Cisco Malaysia, MRCB Land and Datacraft Advanced Network Services Sdn Bhd yesterday.

Shahril said the move was part of MRCB’s plan to incorporate state-of-the-art technologies in all its property developments under MRCB Land to promote sustainable, green and smart urban development practices.

“In terms of operating costs, we expect savings of 10% to 15%, mostly in energy,” he said.

The deployment of the IT solutions are expected to increase services revenue by 30% to 40%.

Shahril said MRCB was also looking at implementing similar comprehensive IT solutions at its other transport hubs, particularly Penang Sentral.

As the prime systems integrator, Datacraft will lead the project management and deployment of solutions for KL Sentral Park.

These include a core multiple Internet Protocol platform to integrate information and communications technology, and building automation networks.


MRCB : [Stock Watch] [News]


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