Thursday, June 17, 2010

Eye on Malaysia to spin again in Malacca

The Eye on Malaysia, which came to a stop early this year due to a legal wrangle, is likely to start spinning again soon.

Chief Minister Datuk Mohd Ali Rustam said this followed successful negotiations with the owners of the 62m-tall observation wheel, Fitraco NV of Belgium.

The Ferris wheel will be managed by the operators of the Malacca Wonderland Theme Park.

The new deal will see the Belgian company being paid RM100,000 for the lease of the wheel.

"We would like to see it spinning as soon as possible," said Ali after opening the new Malacca Football Association building here yesterday.

He added that Fitraco, however, wanted the paperwork involving the new deal to be completed before it allowed the wheel to start spinning.

Earlier, negotiations between the state and Fitraco for the purchase of the wheel hit a snag when both parties couldn't agree on the price for the wheel.

MST Ad Suria was the company responsible for bringing the Eye on Malaysia to the country as part of Visit Malaysia Year 2007, while Eye On Malaysia Sdn Bhd (EOM) was the operator of the attraction.

Fitraco had said it had not received any settlement of RM18 million owed by MST Ad Suria and EOM.

The Belgian company gained legal possession over the wheel on Jan 7, following a successful suit brought against Ad Suria at the Kuala Lumpur High Court to recover a lease loan of RM18 million last year.

Source : NST
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