{"id":190,"date":"2018-05-08T09:45:00","date_gmt":"2018-05-08T08:45:00","guid":{"rendered":"https:\/\/portstrategy.nfdtesting.uk\/greenport-congress\/2018\/05\/08\/westports-secures-land-for-klang-expansion\/"},"modified":"2018-05-08T09:45:00","modified_gmt":"2018-05-08T08:45:00","slug":"westports-secures-land-for-klang-expansion","status":"publish","type":"post","link":"https:\/\/www.portstrategy.com\/greenport-congress\/news\/asia\/westports-secures-land-for-klang-expansion\/","title":{"rendered":"Westports secures land for Klang expansion"},"content":{"rendered":"<p>The Malaysian Reserve (TMR) said the land, which is being purchased for $29.5m, will be used for terminal expansion, which will be possible following its ongoing land reclamation work.<\/p>\n<p>\u201cThe current preliminary port design for Container Terminal 10 to Container Terminal 19 requires additional land acreage to accommodate new wharf and container yard space in order to facilitate the effective operations of new container terminals,\u201d WHB told the business news provider.<\/p>\n<p>\u201cThe terminal expansion will only be possible after the land reclamation is carried out at its existing Container [Terminals] 6, 7, 8 and 9.\u201d<\/p>\n<p>WHB said the purchase will occur entirely through cash derived from internally-generated funds and bank-borrowings, also noting that the proposed acquisition will have no effect on its share capital, earnings per share and net assets for the financial year ending December 31, 2018.<\/p>\n<p>TMR said the execution of the deal was anticipated to take place within two weeks of the first payment \u2014 which was agreed to happen on May 2.<\/p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Port operator Westports Holdings Berhad\u2019s (WHB) wholly-owned subsidiary and multi-cargo port, Westports Malaysia (WMSB), has entered into a sale and purchase deal with the Selangor State Development Corporation to buy 381 acres of leasehold land under the sea at the Pulau Indah island \u2014 on which the facility is located \u2014 in Port Klang in Malaysia.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[32],"tags":[],"sponsor":[],"class_list":["post-190","post","type-post","status-publish","format-standard","hentry","category-asia"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.portstrategy.com\/greenport-congress\/wp-json\/wp\/v2\/posts\/190","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.portstrategy.com\/greenport-congress\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.portstrategy.com\/greenport-congress\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.portstrategy.com\/greenport-congress\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.portstrategy.com\/greenport-congress\/wp-json\/wp\/v2\/comments?post=190"}],"version-history":[{"count":0,"href":"https:\/\/www.portstrategy.com\/greenport-congress\/wp-json\/wp\/v2\/posts\/190\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.portstrategy.com\/greenport-congress\/wp-json\/wp\/v2\/media?parent=190"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.portstrategy.com\/greenport-congress\/wp-json\/wp\/v2\/categories?post=190"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.portstrategy.com\/greenport-congress\/wp-json\/wp\/v2\/tags?post=190"},{"taxonomy":"sponsor","embeddable":true,"href":"https:\/\/www.portstrategy.com\/greenport-congress\/wp-json\/wp\/v2\/sponsor?post=190"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}