03 Dec '12, 3am

Singaporean Peter Lim to build RM3b Johor race track

Reports have emerged from across the Causeway that Singaporean billionaire Peter Lim is into a RM3 billion (S$1.2 billion) race track project in Johor’s Iskandar region. The car enthusiast tycoon will partner the Johor royal family and Malaysian state investment firm Khazanah Nasional in the circuit project. Singapore daily The Straits Times says that the 100-hectare site is just 10 to 15 minutes from the Second Link. Said to be situated to the left of a rest stop after the Malaysian checkpoint, the proposed 4 to 4.5km race track will be able to host GT, go-kart and motorcycle races. To be certified by FIA, the track will be able to host all kinds of racing outside of single-seat class races. Sources say that “Motorsports City” will be ready in 2015 or 2016. Well-known duo Hermann Tilke and Clive Bowen have been named as possible designers of the track, which will feature ...

Full article: http://paultan.org/2012/12/03/singaporean-peter-lim-to-bu...

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Peter Lim's RM10b project gets Iskandar nod

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