KUALA LUMPUR: Port Klang Authority (PKA) and Westports Malaysia Sdn Bhd have signed the Third Supplemental Agreement, extending the privatisation agreement between the government and Westports for another 58 years, from 2024 to 2082.
This includes existing port facilities and new developments, requiring a RM39.6 billion investment, according to a joint statement released today (8/12).
Previously, the Westports Privatisation Agreement covered 30 years, from Sep 1, 1994, to Aug 31, 2024.
The expansion of Westports terminal (CT10 to CT17) is anticipated to boost capacity from 14 million TEUs to 27 million TEUs by 2082.
The development of CT10 to CT17 will prioritise sustainability, aligning with green and smart port concepts.
Automation and digitalisation will be employed to reduce greenhouse gas emissions and future-proof the port.
This initiative aims to meet the growing demands, supporting the nation's economic growth with necessary port facilities and services.
Minister of Transport Anthony Loke Siew Fook witnessed the signing ceremony.-ends-
