SA­PAN­GAR BAY EX­PAN­SION TO COM­MENCE NEXT YEAR

Work in­volves berth length and con­tainer stack­ing area, says group man­ag­ing di­rec­tor

New Straits Times - - Business | News -

OLIVIA MIWIL

KOTA KIN­A­BALU bt@me­di­aprima.com.my

THE ex­pan­sion pro­gramme at Sa­pan­gar Bay Con­tainer Port, which is op­er­ated by Suria Cap­i­tal Hold­ings Bhd (SCH), will com­mence next year and is ex­pected to be com­pleted by 2023.

Group man­ag­ing di­rec­tor Ng Kiat Min said in the first phase, the berth length would be ex­panded from 500m to 850m, while the con­tainer stack­ing area would be ex­panded from 13ha to 34ha.

She said the ex­pan­sion plan was re­quired to cater to big­ger ves­sels and high vol­ume of cargo han­dled at the port in the fu­ture.

Un­der the ma­jor de­vel­op­ment plan, its cur­rent han­dling ca­pac­ity of 500,000 TEUs (twenty-foot equiv­a­lent units) would be en­hanced more than twice, and even­tu­ally boost its con­tainer han­dling ca­pac­ity to 1.25 mil­lion TEUs by 2026.

“The fed­eral gov­ern­ment has ap­proved RM1.1 bil­lion through the Sabah Eco­nomic De­vel­op­ment In­vest­ment Author­ity to trans­form the port into a trans­ship­ment hub, which will be­come a game changer to spur the econ­omy.

“This is a sup­ply-driven ini­tia­tive. We have to get in­fra­struc­ture ready to en­tice down­stream for­eign in­vest­ment and gen­er­ate more car­gos,” she said, adding that the up­graded port had po­ten­tial to be­come a re­gional trans­ship­ment hub as it was strate­gi­cally lo­cated in the cen­tre of the east Asia re­gion.

Ng was speak­ing af­ter the g ro u p’s 34th a nnual gen­eral meet­ing, here, yes­ter­day.

She also added that the Pan Bor­neo High­way project would bring long-term pos­i­tive im­pact to port ac­tiv­i­ties.

Other ma­jor in­fra­struc­ture works in­clude the con­struc­tion of con­ven­tional cargo ter­mi­nal at Sepan­gar Bay Port for the re­lo­ca­tion of Kota Kin­a­balu port op­er­a­tion, Sa­pan­gar Oil Ter­mi­nal Jetty ex­ten­sion, barge fa­cil­ity at San­dakan and La­had Datu Ports, as well as the con­struc­tion of new jetty at La­had Datu Port.

Suria Group is also look­ing into new busi­ness prospects, in­clud­ing to build an in­ter­na­tional cruise ter­mi­nal to com­ple­ment its prop­erty devel­op­ments such as Jes­sel­ton Quay and One Jes­sel­ton Water­front.

“When there are more tourists, there will also be more spend­ing, and even­tu­ally con­trib­ute to growth of the ports busi­ness.”

Mean­while, the group’s main core port op­er­a­tions re­main sta­ble with rev­enue reg­is­tered at RM217.8 mil­lion last year, which is al­most on par with 2015, at RM217.2 mil­lion.

The group recorded a to­tal rev­enue of RM258.51 mil­lion last year, com­pared with RM496.65 mil­lion the pre­vi­ous year.

PIC BY ED­MUND SAMUNTING

Suria Cap­i­tal group man­ag­ing di­rec­tor Ng Kiat Min says the Sa­pan­gar Bay is be­ing ex­panded to cater to big­ger ves­sels and higher vol­ume of cargo in the fu­ture.

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