Big hopes for Malacca Gateway

Malaysia’s deputy transport minister has confirmed that work on the RM8 billion Malacca Gateway project in Pulau Panjang will begin in 2017. The project is backed by the Chinese investors Shenzhen Yantian Port Group Co and Rizhao Port Group Co in a joint venture with a local Malaysian company, KAJ Development.

It's hoped that the new port will meet rising demand and help relieve congestion at the nearby ports of Klang and Tanjung Pelepas. Upon completion in 2019, the port should be able to handle 100,000 ships annually.

The project was approved in February 2015 after the Federal Government agreed in principal to the development of the deep-sea port as part China’s “One Belt, One Road” vision.

(portstrategy)