KUALA LUMPUR: T.A.G Marine Sdn Bhd, operator of Kuala Linggi Port in Malacca, is in the midst of evaluating potential foreign investors for its RM12.5 billion expansion plans.
The private marine company's managing director, Datuk Wira Noor Mustafa Kamal Yahya, said T.A.G Marine is evaluating a few proposals from Chinese, Dutch and American companies.
T.A.G Marine's plans are to transform and upgrade the facility into the Kuala Linggi International Port (KLIP), the world's preferred shipping hub in the Straits of Malacca.
"I think it's a dream to have it. We are very serious about what we are building," Noormustafa said at a press conference after the launch of KLIP yesterday.
The event was attended by Governor of Malacca, Tun Datuk Seri Utama Dr. Mohd Khalil Yaakob; Second Minister of the Ministry of International Trade and Industry, Datuk Seri Ong Ka Chuan; and Member of State Assembly and State Executive Council Malacca, Datuk AR Ismail Othman.
So far, T.A.G Marine has formed a partnership with China Railway Port & Engineering Group Co. Ltd. to develop KLIP.
The 10-year project’s main developer will be Linggi Base Sdn Bhd.
Noormustafa said KLIP will be developed in four phases, which will comprise a hard standing port premises, a 1.5-meter cubic tank facility, as well as a heavy fabrication yard and ship repair facility.
The Kuala Linggi Port has been operated by T.A.G Marine for 10 years.
The company's operations include maritime services, ship-to-ship operations, pilotage and support craft services, as well as ship husbandry.