FGV eyes opportunities in ECRL project

KUANTAN: Felda Global Ventures Holdings Bhd (FGV) is keen to offer its expertise in providing an integrated logistics services with parties involved in the development of the East Coast Rail Link (ECRL) project.

In a statement, FGV said through its logistics and others (LO) division, the group had recently invited a delegation from ECRL to visit its Felda Transport Services Kuantan Depot Open Yard Facility and Felda Johore-Bulkers Kuantan Warehouse in Kuantan Port, near Gebeng.

FGV officer-in-charge Datuk Khairil Anuar Aziz said FGV had the advantage to provide logistics services for the project as its facilities are either in or close to Kuantan Port as ECRL’s construction would be based in Kuantan before being expanded to Kelantan and Selangor, 

“We are looking to support the project in terms of providing transportation services to carry equipment and building materials along the entire stretch of the ECRL project. We can be amongst the one-stop logistic centres for the project,” he said. 

“FGV has the experience and a proven track record in its ability to provide integrated logistics services such as for the Mass Rapid Transit (MRT) and other mega infrastructure projects,” Khairil said, adding that it is estimated that 10% of the seven-year construction period of the ECRL project would involve logistics support.

He said while the plantation and sugar divisions remained the core businesses for the group, the expansion in the LO Sector would provide a good supplementary income to the group.

“There is great potential for FGV’s logistics business to expand both locally and overseas and one of them is through strategic collaboration with leading companies in the related industry.

“This will generate more stable income to FGV and reduce dependency especially on the plantation sector and indirectly provide sustainable returns to shareholders,” Khairil said.
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