RM200 million investment planned as part of Wharf 25 upgrade
Malaysia’s Northport has announced plans of an RM200 million investment to enhance its break and dry bulk handling facilities.
The funds will be made available for an expansion to the north of the port’s Wharf 25, which, according to the Star Online, is still in its preliminary stages although a feasibility study into the project has already been completed.
Abi Sofian Abdul Hamid, Northport’s chief executive officer, told Bernama that the study is now “under evaluation by a technical team”.
Elsewhere at the port, Abi Sofian reported positive progress on the RM350 million conversion of Wharf 8A, with commercial operations expected to start next month. The expansion of Wharf 8A, forming part of Container Terminal 4, will increase the capacity of Northport to around 5.6 million TEU.
Meanwhile, the port’s container volumes during the first half of the year, despite jumping from 3.09 million TEU to 3.4 million TEU, were slightly below the Malaysian port’s target, added Abi Sofian, which he attributed to a number of external factors, including the labour strike in Hong Kong and China’s slowing economy.