China may help build third terminal at Port Klang

Report says Beijing and Putrajaya are in talks to see how China can help in Malaysia’s plan to expand Port Klang. The project had also been proposed in response to China’s “Belt and Road” initiative, it added. The report quoted the Oriental Daily News as saying that up to 80 per cent of the ships sailing through the Straits of Malacca were bound for China.

Port Klang is Malaysia’s largest port and the 12th largest in the world, and is located on the northeast bank of the Straits of Malacca and its annual cargo handling capacity is expected to reach 16.3 million TEU by 2020.

This follows news that China and Malaysia were to announce a collaboration project with Malaysia for more business opportunities between both Port Klang and China’s Lianyungang Port. The project began to take shape when China recently agreed to invest $45 into Pakistan in order to create the China-Pakistan economic corridor. A total of $2.5 trillion has been promised by China as a result of its new maritime transport initiative.

(FMT, PTI)