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IJM to invest RM2bil in new port terminal













文章转引自:马来西亚《南洋商报》,2013年7月4日。KUALA LUMPUR: IJM Corp Bhd, the operator of Kuantan Port, will invest about RM2bil to build a new deep-water terminal for the berthing of vessels of up to 200,000 deadweight tonnage.

IJM chief executive officer and managing director Datuk Teh Kean Ming said construction of the new terminal was expected to commence in the first quarter of next year, with a 24-month completion period.

Once ready, he said, the new terminal would double the size of the multi-purpose port, in terms of capacity, to handle 52 million freight tonnes of cargo, from the current 26 million.

“We are currently looking at the final design plan. Once our Chinese partner, Guangxi Beibu Gulf International Port Group Co Ltd, comes on board in October this year, we can decide on further specifications,” Teh said.

“The proceeds from IJM’s 40% stake disposal in Kuantan Port to Guangxi would be used to fund the construction, together with a portion of internal funding.”

The IJM-Guangxi sale and purchase deal of about US$102mil (about RM323mil), is expected to be finalised within three months.

Teh said the new terminal would be constructed with a water depth of 16 metres, with plans in place to dredge the waters to two more metres, in the second phase of development.

“We would construct the terminal under the first phase. The construction works will be mainly undertaken by IJM, as we have the expertise,” he added.

The expansion of Kuantan Port is part of the Malaysia-China Kuantan Industrial Park, in which Guangxi will invest more than RM7bil directly or via joint ventures with Malaysian companies.

Kuantan Port is situated about 25km to the north of Kuantan city and faces the South China Sea on the east coast of Peninsular Malaysia.

Previously run by the Kuantan Port Authority, it was privatised in 1998, and is now operated by Kuantan Port Consortium Sdn Bhd. – Bernama


SOURCE: The Star, 4 July 2013.

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