Malaysia’s Northport, owned by MMC Corporation, was given a 30-year concession for Northport and Southpoint in Port Klang operations, until 2043. The previous concession ended in December 1, 2013.
According to local media, after an agreement was signed between the port services provider, the government and Port Kelang Authority (PKA) earlier this week, Northport was granted the 30-year concession for Northport and Southpoint until November 30, 2043.
Under the agreement, Northport will operate, maintain, manage and control port operations.
Back in 2011, NCB Holdings was approved from the government for a 30-year and a 21-year extension for Northport and Southpoint.