Kuala Lumpur: Bintulu Port Holding is going to invest $123m in the next three years to enhance its container and cargo handling capacity as well as oil and gas facilities, Malaysia local media has reported.
“The move is aimed at helping reduce its reliance on its core liquefied natural gas (LNG) business. Capex for the period up till 2017 would include the conversion of a 300m general cargo wharf for container operation and building of a new 300m general cargo wharf at the second inner harbour,” said Mior Ahmad Baiti Mior Lub Ahmad, ceo of Bintulu Port Holdings.
Other projects in the pipeline include the development of a 300m bulk fertiliser wharf, also at the second inner harbour and a 150m small barge berth at the port’s edible oil terminal.
“The new terminal costing between RM12m and RM15m will be the first among the new projects to be ready next year,” Mior said. [13/05/14]