New grouping to bid for Penang Port privatisation

GEORGE TOWN: The Penang Chinese Chamber of Commerce (PCCC) wants to form a consortium to bid in the privatisation of the Penang Port.

PCCC president Tan Sri Tan Kok Ping said in a press conference the consortium would comprise the Malaysian Indian Chamber of Commerce and Industry (MICCI), Penang Malay Chamber of Commerce (PMCC) and the Federation of Malaysian Manufacturers (FMM) Penang Branch.

“We will write to the Finance Ministry soon for approval to set up the consortium.

“We are confident of raising the funds for the bid. Should we win the bid, we will public list the consortium to raise funds to enhance the infrastructure of the port,” he said.

Meanwhile, the Penang Freight Forwarders Association (PFFA) president Krishnan Chelliah said PFFA supported the privatisation of the port on an open tender basis.

“Whoever wins the bid should be committed to maintain the status as a regional port and undertake dredging work to deepen the channel for large vessels to dock,” he said.

When contacted, the PMCC president Rizal Faris Mohideen Abdul Kader said he would comment on the proposal later. FMM (Penang Branch) chairman Khoo Cheok Sin declined to comment.

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