Westports Malaysia has announced that it had signed the third supplemental agreement with Government of Malaysia and Port Klang Authority for a period of 58 years.
Previously, the Westports Privatisation Agreement (Original) between the Government of Malaysia, Port Klang Authority (formerly known as Kelang Multi Terminal Sdn. Bhd.) was signed for a period of 30-years from 1 September 1994 to 31 August 2024.
The new concession which will extend a period of 58 years from 2024-2082 will include the existing port facilities in
Westports and the new facilities to be developed during the concession period involving an investment of RM 39.6 billion.
The expansion of the Westports terminal (CT10 to CT17) is expected to increase its capacity from 14 million TEUs to 27 million TEUs based on projections until 2082. The development of the CT10 to CT17 container terminal will be carried out on
sustainability principles, in line with green and smart port concepts, including the use of automation and digitalization that will not only reduce greenhouse gas emissions but also future-proof the port. The new development will provide the necessary port facilities and services to meet future demands to support the nation’s economic growth.
The agreement also saw the Government extending its full support for Port Klang, where the development of maritime infrastructure is a priority in enhancing the country’s economy.
