RM500m capex by Westports

Ruben and Westports acting CFO and head of finance Lim Beng Keem at the company’s AGM.

KUALA LUMPUR: Westports Holdings Bhd has allocated RM500mil capital expenditure (capex) for this year, of which RM400mil would be used for its Container Terminal 8 (CT8) phase one construction.

The company commenced the development of CT8 in January and would complete it in mid-2017. CT8 involved a total investment of RM1bil which is going to increase Westports handling capacity to 13.5 million twenty-foot equivalent units (TEUs) from 11 million TEUs presently.