World's second tallest tower, Merdeka 118 project on track after MCO delays

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Phase 1 and 2 of Permodalan Nasional Bhd's (PNB) iconic Merdeka 118 precinct are expected to be ready by the second quarter (Q2) of 2022 instead of end 2021 as initially targeted, following delays caused by the movement control order in light of Covid-19.The development is funded by PNB Merdeka Ventures Sdn Bhd (PNBMV), a wholly-owned subsidiary of PNB.PNB president and group chief executive, Ahmad Zulqarnain Onn further told Bernama that Phase 3, which encompasses three residential towers is due for completion in 2024/2025."We are currently at Phase 1 of the development that involves the Merdeka 118 tower and the surrounding infrastructure. Our concrete core structure has reached its peak at Level 118 and our tower facade has reached Level 82."It is envisioned that the Level 118 floor slab will be completed at the conclusion of 2020. InsyaAllah, we will be plann…