Penang port dredging project launched
Dredging project worth RM351 million to deepen the north channel of the Penang Port is back on track, Business Times reported citing Penang Port Sdn Bhd Managing Director Ahmad Ibnihajar.
Mr. Ibnihajar said this following consultations with the relevant authorities on the urgency of starting work on the project.
Ahmad said dredging works are scheduled for completion within the next 18 months and once finished, the channel will be 14.5 metres deep compared with its present depth of 11 metres.
"This will enhance Penang Port's competitiveness in sustaining the existing business as well as to capture new business opportunities," he said here yesterday.
Ahmad said the capacity building process at Penang Port is in tandem with the port's stated vision of becoming the premier port and logistics chain integrator in the Indonesia, Malaysia, Thailand-Growth Triangle (IMT-GT) region as well as the Bay of Bengal.
Last month, Ahmad announced that Penang Port stood to lose RM100 million in revenue if work to deepen the north channel of the port does not begin soon.
He said many port users were awaiting for the project to take off in order to ink new deals with the port.
"We may stand to lose millions if the project to deepen the north channel does not start soon and be completed by 2013," he was quoted as saying.
The dredging project was scheduled to have taken off at the end of last year.
Mr. Ibnihajar said this following consultations with the relevant authorities on the urgency of starting work on the project.
Ahmad said dredging works are scheduled for completion within the next 18 months and once finished, the channel will be 14.5 metres deep compared with its present depth of 11 metres.
"This will enhance Penang Port's competitiveness in sustaining the existing business as well as to capture new business opportunities," he said here yesterday.
Ahmad said the capacity building process at Penang Port is in tandem with the port's stated vision of becoming the premier port and logistics chain integrator in the Indonesia, Malaysia, Thailand-Growth Triangle (IMT-GT) region as well as the Bay of Bengal.
Last month, Ahmad announced that Penang Port stood to lose RM100 million in revenue if work to deepen the north channel of the port does not begin soon.
He said many port users were awaiting for the project to take off in order to ink new deals with the port.
"We may stand to lose millions if the project to deepen the north channel does not start soon and be completed by 2013," he was quoted as saying.
The dredging project was scheduled to have taken off at the end of last year.