Ministry backs Westports expansion project


KUALA LUMPUR: The Transport Ministry fully supports Westports Holdings’ expansion project in Port Klang known as Westports Malaysia 2.

Transport Minister Anthony Loke said a new concession agreement for Westports has been approved by the Cabinet, following an evaluation by the Public Private Partnership Unit and the agreement was ratified at the end of last year.

He said the expansion aims to double the port’s capacity from 14 million twenty-foot equivalent units (TEUs) to 28 million TEUs.

“Upon completion, Westports Malaysia 2 will significantly enhance the port’s operations, making the West Port the nation’s largest port,” he said after the commemoration of the maiden voyage and inaugural call of the newly-built container vessel, MV MTT Bintangor, at West Port, Port Klang.

Loke stressed the importance of the expansion in efforts to maintain Port Klang’s competitiveness as a mega hub in the region, according to Bernama.

Westports chief executive officer Eddie Lee expressed the company’s commitment, stating that billions of ringgit would be invested in building new terminals under Westports Malaysia 2. He said the project would increase the port’s handling capacity once all terminals, from Container Terminal 10 to Container Terminal 17, are completed.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Westports , Port Klang , logistics , transport

   

Next In Business News

Optimax revenue grows to RM33mil in 3Q
Binastra clinches RM68mil job
Ringgit rises as Fed signals interest rate cuts
FBM KLCI closes higher on utility stock gains
FGV Holdings net profit rises to RM87mil in third quarter
BHIC sells its 51% stake in CAD unit for RM54mil
Inari Amertron expects continued demand for advanced semiconductor packaging
LGMS to double workforce due to growing cybersecurity demand
Ringgit rises as Fed minutes signal US interest rate cuts ahead
Tropicana posts RM877.8mil revenue in 9M

Others Also Read