Friday, January 27, 2023
Green Reporter
  • Home
  • Biodiversity
  • Climate Change
  • Energy
  • Filmmaking
  • Food
  • Investment
  • Management
  • Sustainability
  • Technology
  • Transportation
No Result
View All Result
  • Home
  • Biodiversity
  • Climate Change
  • Energy
  • Filmmaking
  • Food
  • Investment
  • Management
  • Sustainability
  • Technology
  • Transportation
No Result
View All Result
Green Reporter
No Result
View All Result
Home Investment

Hub for investment growth | The Star

GrR by GrR
January 17, 2022
in Investment
0
55
SHARES
239
VIEWS
Share on FacebookShare on Twitter


KUANTAN: Expansion and development planning for Kuantan Port is vital to ensure it is ready for the upcoming land bridge of the East Coast Rail Link (ECRL), says Transport Minister Datuk Seri Dr Wee Ka Siong.

He said Kuantan city was very important in the east coast as business and industrial activities were located here.

“Once the ECRL is completed, it will form a land bridge connecting Port Klang to Kuantan Port.

“With Kuantan itself facing the South China Sea, this is a very important window if we want to shorten the travel time to South Korea, Japan and China.

There will be no need to go through the Straits of Melaka and around the peninsula,” he said after his visit to Kuantan Port yesterday.

Dr Wee said cargo handling at the port had shown encouraging growth before the pandemic although it dropped by 16.2% with 22.9 million tonnes handled last year.

“This is compared to 2020 which had 27.3 million tonnes in cargo handled.

“But when we look at the growth in 2019, it showed an increment of 4.5%.

“There is high potential here and seeing the growth, it will surely require strategic planning,” he said.

Dr Wee said phase two of the plan was a 1km deep water terminal expansion, followed by phase three, which would be a reclamation process bringing the port’s total capacity up to 90 million tonnes yearly.

The Kuantan Port Consortium and the state government, he said, were attracting potential investors to the Malaysia-China Kuantan Industrial Park (MCKIP) and if this was finalised in the near future, there would be a need for these expansions.

“These investments will bring about a high amount in the import and export of raw materials and completed products.

“That is why we have to prepare now.

“I have also been informed that the state government has a special development plan for Gebeng where the MCKIP and its surrounding areas will be connected to the port.

“It will surely have a high impact for locals,” he added.

Asked if there was any plan to bring in cruise liners to Kuantan Port, Dr Wee said the focus was on the main activity of the port besides other factors to consider such as the east coast’s exposure to the monsoon.

During his visit, Dr Wee also launched Kuantan Port’s 2021-2030 green policy.

He said among other initiatives, the port was already using hybrid rubber tyred gantry cranes and also controlling the number of vehicles entering the port to reduce the impact on the environment.

“I also noticed Alliance Steel’s conveyor belt system which will do away with the use of heavy lorries to transport materials. This is efficient and will also reduce the carbon footprint,” he said.





Source link

Previous Post

ADB Vice President underscores importance of macroeconomic management and necessary reforms in Sri Lanka – The Island

Next Post

Film Producing Is ‘Not a Sustainable Career,’ New Study Says

GrR

GrR

Green Reporter is a global source for news of sustainability, green industry, green technology, clear energy, sustainable food production, and green investments. Our aim is to deliver the best news and information to you.

Next Post

Film Producing Is 'Not a Sustainable Career,' New Study Says

  • Trending
  • Comments
  • Latest

Climate change in our backyard: Manitoba begins to grapple with the consequences – Winnipeg

August 10, 2021

Repsol starts marketing debut sustainability-linked bond sale

June 29, 2021

Sustainability Ambitions Soaring at KCI

December 6, 2021

Chris Pratt explains where the White Spikes originated

July 3, 2021
Stop burning our rights! What governments and corporations must do to protect humanity from the climate crisis – World

Stop burning our rights! What governments and corporations must do to protect humanity from the climate crisis – World

Biden said to mull dropping corporate tax hike to fund jobs plan

Biden said to mull dropping corporate tax hike to fund jobs plan

Global investors pressure Asian utilities to cut emissions

Global investors pressure Asian utilities to cut emissions

Global inequity could derail path to net zero

Global inequity could derail path to net zero

What’s With A24’s Religious Obsession?

August 12, 2022

Governor Hochul Announces Completion of $16 Million Affordable Housing Development in Monroe County

August 12, 2022

EU ban on Russian coal enters into force

August 12, 2022

Immune system insights and Thai climate calculator: News from the College | Imperial News

August 12, 2022

Recent News

What’s With A24’s Religious Obsession?

August 12, 2022

Governor Hochul Announces Completion of $16 Million Affordable Housing Development in Monroe County

August 12, 2022

EU ban on Russian coal enters into force

August 12, 2022

Immune system insights and Thai climate calculator: News from the College | Imperial News

August 12, 2022

Recent News

What’s With A24’s Religious Obsession?

August 12, 2022

Governor Hochul Announces Completion of $16 Million Affordable Housing Development in Monroe County

August 12, 2022

EU ban on Russian coal enters into force

August 12, 2022

Browse by Category

  • Biodiversity
  • Climate Change
  • Energy
  • Filmmaking
  • Food
  • Investment
  • Management
  • Sustainability
  • Technology
  • Transportation

Follow Us

  • Privacy & Policy
  • About Us
  • Contact Us
  • Advertise

© 2021 Copyright Green Reporter

No Result
View All Result
  • Home
  • Biodiversity
  • Climate Change
  • Energy
  • Filmmaking
  • Food
  • Investment
  • Management
  • Sustainability
  • Technology
  • Transportation

© 2021 Copyright Green Reporter