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Sepanggar Port expansion work to start next year
Published on: Wednesday, February 17, 2016
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Kuala Lumpur: Sepanggar Bay Container Port (SBCP) will more than double its handling capacity under the initial phase of its expansion programme.Suria Capital Holdings Bhd's unit, Sabah Ports Sdn Bhd, was chosen as the implementing agency for the programme under the 11th Malaysia Plan (MP11).

In a filing to Bursa Malaysia Tuesday, Suria Capital said the construction work for the first stage would start early next year and be completed by 2019.

"The operation area will be expanded to boost container handling capacity to 1.25 million TEUs (20 foot equivalent units) from the current 500,000 TEUs.

"This involves expanding its berth length from the current 500 metres to 1.2km and stacking area from 15 hectares to 60 hectares," it said.

Suria Capital said currently, SBCP handled an average of 300,00 TEUs a year, which was about 70 per cent of the total container throughput of Sabah.

"The growth has been on the uptrend at about five to six per cent annually since the privatisation exercise," it said.

Suria Capital said for the SBCP expansion programme, the government has allocated RM800 million and funding under the first rolling plan would be staggered over two years (2016-2017).

"Under the arrangement, RM7 million is to be used within the first year of implementation and RM365 million in 2017," it added.


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