KUALA LUMPUR: Westports Holdings Bhd
has entered into a third supplemental privatisation agreement with the government and Port Klang Authority (PKA) for the proposed expansion of its container terminals.
Previously, the Westports Privatisation Agreement (Original) between the government, PKA, and Westports Malaysia Sdn Bhd was signed for a period of 30-years effective from Sept 1, 1994 to Aug 31, 2024.
“The new concession which will extend a period of 58 years from 2024-2082 will include the existing port facilities in Westports and the new facilities to be developed during the concession period involving an investment of RM 39.6bil,” it said in a statement.
Westports said the expansion of the Westports terminal (CT10 to CT17) is expected to increase its capacity from 14 million TEUs to 27 million TEUs based on projections until 2082.
“The development of the CT10 to CT17 container terminal will be carried out on sustainability principles, in line with green and smart port concepts, including the use of automation and digitalisation that will not only reduce greenhouse gas emissions but also future-proof the port.
“The new development will provide the necessary port facilities and services to meet future demands to support the nation's economic growth,” it said.
