IJM to invest RM2bil in new port terminal

Kuantan Port - the gateway to the petrochemical, palm oil, automotive and container business.

KUALA LUMPUR: IJM Corp Bhd, the operator of Kuantan Port, will invest about RM2bil to build a new deep-water terminal for the berthing of vessels of up to 200,000 deadweight tonnage.

IJM chief executive officer and managing director Datuk Teh Kean Ming said construction of the new terminal was expected to commence in the first quarter of next year, with a 24-month completion period.