Malaysia's Northport to invest RM1bn in redevelopment plan
Northport (Malaysia) Bhd, the port operating subsidiary of NCB Holdings Bhd, plans to allocate RM1 billion to finance new redevelopment projects over the next five years beginning 2014, the company's press release said.
According Northport CEO Abi Sofian Abdul Hamid, under the proposed five-year plan, the terminal operator intends to upgrade its container wharf facilities comprising Wharf 8, 9 and 10 and buy new container handling equipment so that it can handle bigger ships as well as expand its capacity further.
The proposed redevelopment will also include upgrading of the conventional cargo terminals in Northport for break bulk, liquid and dry bulk cargo and that in Southpoint -- the oldest section of Northport.
