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Tanjung Pelepas to invest US$2 billion to double capacity
THE Port of Tanjung Pelepas (PTP), Malaysia, is set to invest more than MYR8.6 billion (US$2.1 billion) to more than double its capacity by 2030, local media reported.
The expansion project is expected to increase PTP抯 handling capacity to 22.2 million TEU within the next 15 years, reports London's Container Management.
PIT抯 chairman Date Sri Chef Khaki Mohammad Noh reportedly said at the PTP-organised Tiara Ramadan programme that the first stages of the project would include replacement of its existing equipment to increase the annual capacity from the current 10.5 million TEU to 13.2 million TEU.
According to Pip抯 chairman, the third phase, which is expected to take place in 2018, would instead include construction of six new berths of three kilometres in length.
The completion of the project's third stage, which will be divided into phases 3A and 3B, is expected to enable PTP to increase its handling capacity to 22.2 million TEU before 2030.
According to local media, Mr Khaki said that the expansion project would ensure that PTP remained competitive in the market.
Mr Khaki reportedly claimed that the project would ultimately allow PTP to emerge as the most preferred transshipment port in Asia.
PTP is currently equipped with 14 berths with a quay length of five kilometres.
The expansion project is expected to increase PTP抯 handling capacity to 22.2 million TEU within the next 15 years, reports London's Container Management.
PIT抯 chairman Date Sri Chef Khaki Mohammad Noh reportedly said at the PTP-organised Tiara Ramadan programme that the first stages of the project would include replacement of its existing equipment to increase the annual capacity from the current 10.5 million TEU to 13.2 million TEU.
According to Pip抯 chairman, the third phase, which is expected to take place in 2018, would instead include construction of six new berths of three kilometres in length.
The completion of the project's third stage, which will be divided into phases 3A and 3B, is expected to enable PTP to increase its handling capacity to 22.2 million TEU before 2030.
According to local media, Mr Khaki said that the expansion project would ensure that PTP remained competitive in the market.
Mr Khaki reportedly claimed that the project would ultimately allow PTP to emerge as the most preferred transshipment port in Asia.
PTP is currently equipped with 14 berths with a quay length of five kilometres.
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