Additional Funding Approved for Sapangar Bay Port Expansion

Malaysia’s Federal Government has approved another $82.25 million in funding for Suria Capital Holdings Bhd’s Sapangar Bay container port expansion program, which raises the cost of the entire project to $280 million, according to Deal Street Asia.

This approval for the increase in funding from the federal government came following a recommendation by the Value Management Lab for the Sabah Development Corridor project.

Suria said in its announcement that “the additional funding is to cover the cost of the expansion.”

“Sabah Ports Sdn Bhd, a wholly-owned subsidiary of Suria Capital, the operator of the port will be responsible in procuring the cargo handling equipment and the additional yard to achieve the 1.25 million twenty-foot equivalent units (TEU) capacity,” the company said.

The Sapangar Bay Container Port will be developed into a transhipment hub, and a masterplan to upgrade and expand the infrastructure to allow Main Line Operators will be prepared this year.

The construction work for the first stage of the development is set to begin early next year, with completion expected by 2019.

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3rd International Congress Hydraulic Engineering Structures and Dredging

Russia’s leading maritime industry Media Group PortNews (www.portnews.ru) holds a traditional annual Congress “Hydraulic Engineering Structures and Dredging” in Moscow. 

The two-day Congress includes the 7th International Forum of Dredging Companies and the 3rd Technical Conference “Modern Solutions for Hydraulic Engineering”.

Infrastructure development is among the real sources of Russia’s economy growth. Construction of port facilities and new hydraulic engineering structures on the country’s inland waterways constitute an essential part of all infrastructure projects. It is important to take into account the best international practices to implement these projects effectively.

The program of the Congress will be devoted to the latest technologies for dredging and hydraulic engineering works. Speakers and delegates will refer to real projects to discuss specifics features of dredging works, as well as dedicated fleet and equipment involved.

To learn more about event, please, contact the organizing committee: snitko@portnews.ru

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