Port of Tanjung Pelepas in USD 2 Bn Capacity Expansion
Port of Tanjung Pelepas (PTP), Malaysia’s biggest single port operator and member of MMC Group, is to invest more than MYR 8.6 billion (around USD 2.1 billion) under its latest plan to further improve the port’s capacity over the next five to fifteen years.
Presently, PTP is operating with 14 berths measuring five kilometers of quay length.
“The immediate plan is to embark on a comprehensive upgrading, refurbishment of our quay cranes, rubber tyred gantries (RTGs) and replacement of PTP’s existing equipment to increase the handling capacity from the current 10.5 million twenty-footer equivalent units (TEUs) to 13.2 million TEUs annually,” Dato’ Sri Che Khalib Bin Mohamad Noh, Chairman of PTP, said.
This will be followed by Phase 3 that is expected to commence in 2018. Phase 3A and 3B that consist of six new berths of three kilometers in length are to enable PTP to increase its handling capacity to 22.2 million TEUs before 2030, according to Bin Mohamad Noh.
PTP’s container volumes went up to 9.1 million TEUs in 2015, an increase of 7.1 percent as compared to 2014.