PTP to invest RM750mil for expansion in 2022

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ISKANDAR PUTERI: Port of Tanjung Pelepas (PTP) will invest RM750 million to develop its capability this yr, its chief government officer, Marco Neelsen mentioned.

Spurred by double-digit progress final yr, he mentioned the port, which at present has a capability of 11.5 million twenty-foot equal items (TEUs), would develop to 12.5 million TEU throughout the subsequent six months.

“We will obtain 18 new Quayside and Yard Cranes, in addition to an ongoing yard expansion.

“Furthermore, we plan to add another berth shut to Berth 1 which we would like to use, amongst others, to develop our footprint for cargo to and from Sumatra,” he informed reporters on the PTP 11 million TEUs milestone celebration, right here at this time.

Present have been Transport Minister Datuk Seri Dr Wee Ka Siong and Johor Menteri Besar Datuk Hasni Mohammad.

Apart from terminal footprint, Neelsen mentioned the funding would give attention to enhancing effectivity and buyer expertise.

“We are at present increasing our Free Zone with the event of an 81-acre website in Tanjung Adang which is deliberate to be concluded by early 2023,” he mentioned.

PTP has registered a complete quantity of 11.2 million TEUs on the finish of 2021, a 14 per cent enhance in its yearly quantity, in contrast to 9.8 million TEUs in 2020.

It can also be amongst 20 prime ports in the world that recorded a double-digit progress final yr.

A three way partnership between Malaysia’s MMC Group and The Hague’s APM Terminals, PTP created a brand new milestone by changing into the primary container terminal in Malaysia to surpass 11 million TEUs throughput quantity in a yr. – Bernama



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