13NOV2019 - NEWS - Kuala Linggi International Port’s expansion to commence in 1Q20
TAG Marine Sdn Bhd is expected to begin work on the RM15 billion Kuala Linggi International Port’s (KLIP) expansion project by the first quarter of 2020 (1Q20).
KLIP CEO Datuk Muhammad Saifullah Noor said the development will be rolled out in five years, funded by domestic direct investment (DDI) and foreign direct investment (FDI).
Muhammad Saifullah said the DDI is mainly provided by the company, while various foreign investors including from China, Belgium and the UK are involved in the FDI.
He said the second phase of the KLIP development would entail, among others, a 620-acre (251ha) land reclamation and a 1.5 million cu m tank farm construction.