Singaporean billionaire Peter Lim is bidding to build a RM3 billion race circuit in Iskandar, Johor with the Johor royal family and state asset manager Khazanah Nasional Berhad, the Straits Times reported today.
The Singapore daily reported that the project, called Motorsports City, is expected to be completed by 2015 or 2016 in Malaysia’s ambitious southern corridor that provides high-end housing and entertainment popular with Singaporeans.
It quoted sources as saying the race track’s 100-hectare site is located 10 to 15 minutes away from Tuas’ Second Link in the southern state, at the left of a rest stop after the Malaysian checkpoint. Full story
