Malaysia: PTP Kicks Off Modernization Plan Worth USD 442 Mln

PTP Kicks Off Modernization Plan Worth USD 442 Mln

Malaysia’s Port of Tanjung Pelepas (PTP) is investing MYR 1.4 billion (US$442 million) over the next three years in a modernization plan designed to meet the docking requirements of mega-container vessels.

PTP chairman Datuk Mohd Shaik Osman said the port is investing in new cranes, electrifying existing rubber-tired gantries (RTG) and building new berths to prepare for the arrival of ultra-large ships, such as Maersk Lines’ Triple- E vessels.

PTP is one of seven international ports that have been selected by Mearsk Line for its Daily Maersk service,” Sidik said. He added that they plan to buy eight cranes at a cost of $78million and 32 additional RTG cranes for more than $63 million.” Our plans also include building two new berths,” he added.

Sidik said that the port was on track to handle eight million 20-foot equivalent units (TEUs) in 2012. He said it handled 679,617TEUs in June, the highest monthly throughput ever recorded at the port.

Source: ptp, July 13, 2012

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