Northport Inks 30-Year Concession for Port Klang
Northport (Malaysia) Berhad, a Member of MMC Group, has received a thirty-year extension for the operations of Northport and Southpoint in Malaysia’s Port Klang.
The concession deal was signed between Northport, the Government of Malaysia and Port Kelang Authority (PKA) in Kuala Lumpur on March 6.
Under the agreement, which is subject to government and PKA terms and conditions, Northport is granted the right and authority to provide and carry out the operation, maintenance, management and control of the port operation in Northport and Southpoint.
Northport is also granted the right to charge and collect from the port users in relation to the port operation provided and carried out, pursuant to the Privatisation Agreement and the Licence, in accordance with the Port (Privatisation) Act 1990 and Port Authorities Act 1963.
“We are delighted to have signed this agreement and to have the opportunity to continue working for the progress of Port Klang and the nation’s economic growth as a whole,” Dato’ Sri Che Khalib Mohamad Noh, Chairman of Northport, said.
Northport, formerly known as Klang Container Terminal (KCT), was established as part of the first phase of Port Klang’s privatisation in March 1986.