The Port of Tanjung Pelepas (PTP) will invest more than US$2.1 billion to expand the port’s capacity over the next five to 15 years.
Chairman Datuk Seri Che Khalib Mohamad Noh said the immediate plan was to embark on a comprehensive upgrade, as well as the refurbishment of quay cranes and rubber-tyred gantries.
It would also replace PTP’s existing equipment to increase the handling capacity from the current 10.5 million TEU to 13.2 million TEU annually.
Datuk Seri Che Khalib Mohamad Noh said: “This will be followed by the development of Phase 3 which is expected to take place in 2018. Phase 3A and 3B, which consist of six new berths of three kilometres in length, will enable us to increase our handling capacity to 22.2 million TEU before 2030.”
Che Khalib said the expansion would ensure that PTP remains competitive in the market and ultimately emerge as the most preferred transhipment port in Asia.
Presently, the country’s biggest single port operator is operating with 14 berths measuring five kilometres of quay length.
This follows previous news that the Johor Port Authority was planning to expand the berth capabilities at the Port of Tanjung Pelepas in 2016.
Mohamed Khaled, Chief Minister of the Malaysian State of Johor, concluded by saying that PTP’s latest expansion plan reflected the highest level of confidence by the port operator to position itself as the preferred port of choice in the region.