“The new concession will include the existing port facilities in Westports and the new facilities to be developed during the concession period involving an investment of RM39.6bil,” the port operator said.
PETALING JAYA: Westports Holdings Bhd
has entered into a third supplemental privatisation agreement with the government and Port Klang Authority (PKA) for the extension of its concession for 58 years from 2024-2082, including the proposed expansion of its container terminals.
The current Westports Privatisation Agreement between the government, PKA and Westports Malaysia Sdn Bhd (WMSB) was signed for a period of 30 years effective from Sept 1, 1994 to Aug 31, 2024.
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