Port of Tanjung Pelepas (PTP) to invest US$1.2 bn in phase three expansion project

0

MALAYSIA's port of Tanjung Pelepas (PTP) is pushing ahead with its MYR5 billion (US$1.2 billion) phase three development plan that will increase annual throughput capacity to 15 million TEU when it is completed in 2019 in a move to cope with an expected surge in cargo-handling volume over the next decade.

PTP currently has an annual capacity of 10.5 million TEU after the completion of the second phase of the expansion project. General manager of Johor Port Authority (JPA), Muhammad Razif Ahmad, said in the third development phase three new berths of 1.5 kilometres in length will be built, with one of the berths expected to be operational by 2018, reported Seatrade Maritime News.

"JPA and the management of PTP are always looking at how to further expand, develop and strengthen operations at the port from time to time," Mr Razif was quoted as saying in local media reports.Mr Razif said JPA had already outlined plans to further develop and strengthen PTP until 2045 as it is one of the major cargo ports in the region."

"Prospects for port operations in Johor are bright in the coming years with the massive development taking place, especially in the southern-most part of the state," he said.

 

LEAVE A REPLY