PTP plans to expand capacity in 5 years

Port of Tanjung Pelepas Sdn Bhd (PTP) is raising its ante by planning to expand its capacity from the current 12.5 million twenty foot equivalent units (TEUs) to 15 million TEUs in the next five years.

Continuous capacity expansion is vital to ensure that PTP is able to handle future growth while offering key valuable business propositions to new and potential customers.

Recognising continuous changes in the port industry landscape, PTP deputy CEO Hanif Hamid said the company is looking at expansion in order to be able to head on competition when the time comes. "We have submitted our papers to the government to gain their support financially in terms of capital dredging to expand our current channel," he told Bernama in an interview, recently.

Hanif said under the 11thMalaysia Plan, there should be some "ports money" for the industry players to tap into and hoped that the company would be able to convince the government that it is viable and would contribute significantly to the country's economic growth as well as that of Johor.