Govt to inject additional RM333.5mil into Sapangar Bay port project

The new Sapangar Bay Container Terminal.

In its Bursa announcement on Feb 16, Suria Capital -- which is 49% owned by the Sabah government (via Warisan Harta Sabah and Yayasan Sabah) -- said the project’s initial phase would involve expanding the port’s berth length from the current 500 metres to 1.2km and stacking area from 15ha to 60ha.