PTP allocates RM500m capex for next year
New Straits Times
Johro Bahru : MMC Corporation Bhd’s unit, Pelabuhan Tanjung Pelepas (PTP) Sdn Bhd, has allocated RM500 million in capital expenditure (capex) for next year to purchase new equipment and refurbish facilities at the 15-year-old-port.
PTP chief executive officer Glen Hilton said for next year, the capex would be utilized to purchase prime-movers, rubber-tyred-gantry cranes and key cranes.
“We want to increase the port’s twenty-foot equivalent units (TEUs) to 15 million 2018 from 8.3 million TEUs as for last month.
“This is in line with the growing transshipment industry, particularly in Southeast Asia. These equipment are expected to be delivered to us in the third quarter of next year,” he told reporters duringa media visit to PTP,here, yesterday.
He said the intra-Asia sailing frequency per week stood at above 45 times, followed by Africa (13 times)and Europe or Mediterranean (11 times)