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Northport inks privatisation deal


PETALING JAYA: Northport (M) Bhd, a subsidiary of an MMC Group member, has signed a privatisation agreement for the operations of Northport and Southpoint in Port Klang.

Under the agreement, subject to the Government and Port Klang Authority’s (PKA) terms and conditions, Northport will be granted the right to carry out operations, maintenance, management and control of the port.

According to a statement, Northport has also been granted the right to charge and collect payment from port users.

This is pursuant to the privatisation agreement and the licence, and in accordance with the Port (Privatisation) Act 1990 and Port Authorities Act 1963.

Che Khalib: We are very positive that Northport will continue to contribute to make Port Klang Asia’s preferred logistics hub.
Che Khalib: We are very positive that Northport will continue to contribute to make Port Klang Asia’s preferred logistics hub.

Northport chairman Datuk Seri Che Khalib Mohamad Noh, who represented the company during the signing ceremony, said:“We are delighted to have signed this agreement and to have the opportunity to continue working for the progress of Port Klang and the nation’s economic growth as a whole.

“We thank the Government and PKA for their confidence in Northport and we are very positive that Northport will continue to contribute to make Port Klang Asia’s preferred logistics hub.”

Northport, formerly known as Klang Container Terminal (KCT), is regarded as the flagship of the Government’s pioneer privatisation programme.

KCT was established as part of the first phase of Port Klang’s privatisation in March 1986 and viewed as a major success in the Government’s privatisation policy.

In January 2016, MMC Corp Bhd , via wholly owned subsidiary MMC Port Holdings Sdn Bhd (MMC Ports), took over the ownership of Northport.

MMC Ports also operates Port of Tanjung Pelepas Sdn Bhd, Johor Port Bhd, Penang Port Sdn Bhd, Tanjung Bruas Port Sdn Bhd, Kontena Nasional Bhd and JP Logistics Sdn Bhd.

MMC has an associate stake in Red Sea Gateway Terminal Company Ltd, a container port terminal within the Jeddah Islamic Port in Saudi Arabia.

The extension of the concession was signed yesterday between Northport, the Government and PKA.

Transport Ministry secretary-general Datuk Seri Saripuddin Kasim and PKA chairman Tan Sri Kong Cho Ha signed the agreement on behalf of the Government and PKA, respectively, witnessed by Transport Minister Datuk Seri Liow Tiong Lai.

Northport , port , logistics , privatisation

   

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