KUALA LUMPUR: The Port of Tanjung Pelepas (PTP), a joint-venture between Malaysia-based MMC Group and Netherlands-based APM Terminals, has successfully issued its inaugural green sukuk, reinforcing its commitment to sustainability and responsible investment.
The issuance is valued at RM500mil and split equally across three-and five-year tenors, PTP said in a statement.
PTP chairman Tan Sri Che Khalib Mohamad Noh said the proceeds from the green sukuk will be used to fund PTP’s capacity expansion, enabling the terminal to continue serving its customers’ growing needs across export, import and transshipment cargo.
“This is part of a larger investment plan aimed at increasing the terminal’s handling capacity to 15.9 million twenty-foot equivalent units annually within the next few years,” he said, adding that the port’s continuing development supports Malaysia’s maritime ambitions. — Bernama
