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PTP outlines expansion plans

Kuala Lumpur: Johor's  Port of Tanjung Pelepas (PTP) is looking for a further RM4bn in capital expenditure (capex) in the next five years for its expansion plan.
Chief executive officer Captain Ismail Hashim says RM2.5bnwas allocated under the first phase of the expansion plan and PTP is looking at RM4bn more for phase two.
On current developments, Ismail said in terms of construction of facilities, PTP was now in the process of completing Berth 11 and 12.
"We should be completing Berth 11 in the second quarter this year and Berth12 in the third quarter," he said.
Ismail said PTP had ordered eight key cranes, with four of them due to arrive in the second quarter and the remaining four in the third quarter.
Other new equipment included 20 rubber tyred gantry cranes scheduled to arrive in the third quarter and 50 prime movers early this year, he said.
"So with all these equipment, we should be able to handle about 10 million teu on 12 berths for customers," Ismail said. "We have a significant capacity and at the same time more to sell for new potential customers."
According to him, PTP was also looking for additional manpower.
"We will be adding 200 to 400 employees," he said.
"We are looking at getting new business with the surplus of two to three million teu capacity that we will have by the second half of this year," he said.  [16/2/09]


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