Malaysian expansion project
Kuantan Port in Malaysia looks set to double its capacity by the end of the year transforming it into a mega port up from its current feeder port status.
It’s not a done deal yet though – the sizable expansion plan is apparently riding on the entrance of a Chinese investor and the hinterland development plan in Kuantan.
Malaysian construction group, IJM Corp Bhd’s port business, is expected to start construction of the new RM3bn (US$943m) via the Kuantan Port Consortium (KPC) provided that the above comes to fruition.
Datuk Teh Kean Ming, chief executive offcier and managing director, IJM Corp, told Starbiz: “The construction should take two to three years to complete. Our expansion includes the construction of a new wharf, the procurement of equipment as well as dredging.”
He said that these factors, as well as the new breakwater that the Government is constructing should be conducive to “attract ultra sized ships to call.”
The port has an ambition to be a transhipment hub for the region. It’s reaching its current capacity level so the expansion would mean it could take full advantage of the burgeoning industrial and logistics centre that Kuantan Port City is growing up to be.
Kuantan Port City is developing its bio-fuel industrial cluster, downstream petrochemical cluster, iron and steel industries and automotive cluster.
Related Articles
CONTAINER & CARGO HANDLING
TERMINAL OPERATIONS
EQUIPMENT