PTP to spend RM3bil on expansion

KUALA LUMPUR: The Port of Tanjung Pelepas (PTP), ranked 17th among the world's busiest container ports, will spend invest up to RM3bil in capital expenditure on expansion over the next few years.

But this is dependent on the prevailing economic situation.

“The expansion includes the construction of two new berths at a cost of RM360mil, and works commenced earlier this year. The berths will increase PTP's annual terminal handling capacity to 10 million 20ft equivalent units (TEUs) from the present eight million, to cater to growth over the next 18 months,” chief executive officer Harun Johari said in an interview.

Harun also said that, depending on other potential customers using the port, a further RM800mil would be invested in two more berths for a total of 14.      

This year, PTP is expected to take delivery of more than RM480mil worth of additional port equipment such as twin lift quay cranes, double-hoist quay cranes and rubber-tyre gantry cranes.