KUANTAN: The expansion of Kuantan Port marks
another milestone in the development and transformation of the East
Coast Economic Region (ECER), Datuk Seri Najib Tun Razak said.
The Prime Minister added that the RM4bil port expansion was expected to be a “game changer” in terms of the ECER’s positioning as a key investment and trade destination and expected to generate more than RM15bil in investments when completed in 2015.
The Federal Government will invest RM1bil and spearhead the development of a new deepwater terminal while the private sector will inject RM3bil.
“With the expansion, the port’s total throughput is expected to double to 52 million tonnes of cargo from the current 26 million tonnes,” he said.
Najib said an upgraded and modernised Kuantan Port would place Malaysia as one of the top trading nations in the world.
“Kuantan Port’s comparative advantage lies in its strategic location, facing the South China Sea and right in the middle of the busiest shipping lanes in the world.
The Prime Minister added that the RM4bil port expansion was expected to be a “game changer” in terms of the ECER’s positioning as a key investment and trade destination and expected to generate more than RM15bil in investments when completed in 2015.
The Federal Government will invest RM1bil and spearhead the development of a new deepwater terminal while the private sector will inject RM3bil.
“With the expansion, the port’s total throughput is expected to double to 52 million tonnes of cargo from the current 26 million tonnes,” he said.
Najib said an upgraded and modernised Kuantan Port would place Malaysia as one of the top trading nations in the world.
“Kuantan Port’s comparative advantage lies in its strategic location, facing the South China Sea and right in the middle of the busiest shipping lanes in the world.