2018 | Quarter 1
Northport Granted 30-
to Concession for Port Klang
Northport (Malaysia) Bhd (Northport), a Member of MMC Group officially signed a privatisation agreement for the operations of Northport and Southpoint in Port Klang. The extension of the concession was signed between Northport, the Government of Malaysia and Port Kelang Authority (PKA) in the Le Méridien Hotel Kuala Lumpur.
Under the agreement, which is subject to the Government and PKA’s terms and conditions, Northport is granted the right and authority to provide and carry out the operation, maintenance, management and control of the port operation in Northport and Southpoint. Northport is also granted the right to charge and collect from the port users in relation to the port operation provided and carried out, pursuant to the Privatisation Agreement and the Licence, in accordance with the Port (Privatisation) Act 1990 and Port Authorities Act 1963.
At the signing, Dato’ Sri Che Khalib Mohamad Noh, Chairman of Northport represented the Company while Datuk Seri Hj. Saripuddin Hj. Kasim, Secretary General, Ministry of Transport Malaysia and Tan Sri Dato’ Seri Kong Cho Ha, Chairman of PKA signed the agreement on behalf of the Government and PKA respectively which was witnessed by Dato' Sri Liow Tiong Lai, Minister of Transport Malaysia.
“We are delighted to have signed this agreement and to have the opportunity to continue working for the progress of Port Klang and the nation’s economic growth as a whole. We thank the Government and PKA for their confidence in Northport and we are very positive that Northport will continue to contribute to make Port Klang, Asia’s Preferred Logistics Hub” said Dato' Sri Che Khalib.