Tanjung Pelepas to invest US$2bn to double capacity

The Port of Tanjung Pelepas (PTP), Malaysia, is set to invest more than RM8.6bn (US$2.1bn) to more than double its capacity by 2030, local media reported.

The expansion project is expected to increase PTP’s handling capacity to 22.2m teu within the next 15 years.

PTP’s chairman Dato’ Sri Che Khalib Mohamad Noh reportedly said at the PTP-organised Tijarah Ramadhan programme that the first stages of the project would include replacement of its existing equipment to increase the annual capacity from the current 10.5m teu to 13.2m teu.