MALACCA: The state will soon control the key waterway of the Straits of Malacca, which links shipping routes between Asia and Europe, with the construction of a floating deep-sea entrepot close to its shores.
A renowned public-listed foreign construction company has agreed to inject RM12bil for the first phase of the harbour facility. The entire multi-billion ringgit project that will be developed in three phases is expected to be fully completed by 2025.
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