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Westports Malaysia to invest RM 3.2b to improve the Port's capacity 22-Feb-2012

WESTPORTS Malaysia Sdn Bhd will invest RM3.18 billion under its expansion plan to further improve the port’s capacity, executive chairman Tan Sri G Gnanalingam said yesterday.

He said the expansion plan includes the 160ha (400 acres) land reclamation project expected to be completed by next year and the construction of four container terminals slated for completion in 2016.
“We already have five container terminals now. The sixth terminal is under construction and we will move to seventh (terminal) next year, eighth and ninth (terminal). We have four more terminals to complete.
“Now, we are handling 6.5 million twenty-foot equivalent units (TEUs) and it will increase to 11 million TEUs by 2016,” he told reporters after signing a RM318 million facilities fund agreement with the government, Bank Pembangunan Malaysia and Westports for a land reclamation project in Port Klang.
The agreement signed by the Prime Minister’s Department Public Private Partnership Unit director-general Datuk Seri Dr Ali Hamsa and Gnanalingam will provide RM318 million facilitation fund to Westports for the project.
The signing was witnessed by Minister in the Prime Minister’s Department Tan Sri Nor Mohamed Yakcop and Public Private Partnership Unit Fund Section director Raja Muhammad Azhan Shah Raja Muhammad.
Nor Mohamed said the facilitation fund was important to expand Westports as about 80% of the nation’s exports and imports used the port’s facilities.
“This is a success that all of us should be proud of. We should be satisfied (with what we’ve achieved so far). Instead we should strive to do more using our strategic assets that we have to scale greater heights in this transport hub.
“To do this, we have to reclaim land, and carry out dredging, among others. With government assistance, facilities at Wesports can be expanded and we can get revenue from ships using the facilities,” he added.

Source: The Malaysian Reserve, 22 February 2012


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