Malaysia–China joint venture to develop 260ha logistics park at Kauntan port

The corporate, which has operations in building, property and concrete pipe manufacture, is to kind a three way partnership with China Harbour Engineering Firm (CHEC), a subsidiary of China Communications Building.

The “Malaysia–China Kuantan Worldwide Logistics Park” (MCKILP) might be 51% owned by CHEC, with the remaining 49% cut up between IJM subsidiary Asas Panorama (60%) and one other Chinese language firm, Guangxi Beibu Gulf Worldwide Port Group (40%).

The park goals to make the most of the elevated exercise enabled by the event of Malaysia’s East Coast Financial Area (ECER), which incorporates the development of the East Coast Rail Hyperlink (ECRL), in addition to upgraded street, air and fibre-optic infrastructure.

In a press assertion launched on Wednesday, Lee Chun Fai, deputy chief govt of IJM, commented: “This marks a milestone for us as we embark on a strategic partnership with CHEC to design, develop and function MCKILP.

“I’m excited for the alternatives that MCKILP will deliver to the ECER. Its improvement is extraordinarily well timed and can present crucial infrastructure that can improve the area’s logistics and supply-chain capabilities. Along with MCKIP 1 and a pair of, we envision MCKILP as a complement to the commercial ecosystem, catalysing extra investments to the area.”

The three way partnership will undertake building and infrastructure work for the park. It is going to be positioned 10km from the ECRL’s Kuantan Port station, 1.7km from Kuantan Port itself and 25km from Kuantan city. The logistics element will provide an intermodal connection between containers arriving at Kuantan Port, the nationwide freeway system, airports and the ECRL.

The $10.6bn ECRL, which can also be being constructed by China Communications, will join Port Klang on the Straits of Malacca to Kota Bharu within the northeast of the peninsular (see additional studying).