Transport Ministry issues statement on Port Klang Free Zone
Posted by omong on August 24, 2007
The Port Klang Free Zone (PKFZ) management is confident of reaching 80% occupancy by 2012.
General manager (business development) Chia Kon Leong said this would mean attracting 650 to 700 companies to invest in the 404ha PKFZ.
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“In 2010, PKFZ is expecting a total revenue of RM40mil and it would be a self-sustaining company by then,” he said.
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The Transport Ministry, in a statement, gave an assurance that PKFZ was an important national project and that the Government has agreed to provide a soft loan to PKA. The details are still being discussed.
“PKFZ has received Government support as it will increase the cargo volume at Port Klang – the national maritime gateway – generate economic growth, create job opportunities and encourage supporting services,” it said.
The statement added that the Government respected Jafza International’s change of policy and its decision to pull out of the agreement to manage PKFZ.
“Jafza withdrawal was due to its new policy to hold equity in the free zones it manages,” said the statement.
Source: The Star
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