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Nikkei Markets

Malaysia's Westports Holdings Gets Nod For Proposed Container Terminal Expansion

By Gho Chee Yuan
Nikkei Markets
KUALA LUMPUR (Aug 25) -- Malaysian port operator, Westports Holdings said Friday it has received an in-principle approval from the government to expand its container terminal facilities from Container Terminal 10 to Container Terminal 19.

"The proposed expansion can potentially increase the total handling capacity of Westports up to 30 million Twenty Foot Equivalent Unit per annum," said its Chief Executive Officer Ruben Emir Gnanalingam in a statement to Bursa Malaysia. Currently, Westports has a total handling capacity of 12 million TEUs per year.

He said this will further strengthen Port Klang as the pre-eminent port for the nation's gateway trade as well as a transhipment hub in the region. "The approval also reflects the GoM's commitment to prioritise Port Klang as the load centre of Malaysia," he added.

The expansion is an extension from the current CT1 to CT9 development. Following the approval, the port operator will commence and undertake various studies required before finalising terms and conditions with the government.
- By Gho Chee Yuan; Terence.Gho@nikkeinewsrise.com; 60320267363
- Edited by Lopamudra Bhattacharya
- Send Feedback to feedback@NikkeiNewsRise.com
- Copyright (c) 2017 Nikkei NewsRise Asia Pte Ltd.

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