Multi-modal Freight, which operates the largest container terminal in northern Malaysia, is planning to invest MYR10 million (US$2.8 million) to upgrade its infrastructure and facilities to cater to the growing number of boxes handled at the facility.
Multimodal general manager Azman Ahmad Shaharbi said the company would first seek approval from parent company KTM Bhd (KTMB) on its investment plan. Multimodal Freight is a wholly-owned subsidiary of KTMB and handles all the containers that come from southern Thailand.
Mr Azman said out of the investment, MYR2.1 million would go to renovate infrastructure and facilities, including roadways, drains and basic amenities.
"However, we will need MYR10 million to push up the status of the terminal, and this would include the building of a new yard and a more powerful locomotive. This is a long-term investment which we are confident will bring profits not only to Multimodal Freight but to KTMB," he said after a recent thanksgiving ceremony to celebrate the successful handling 8,240 TEU last December, Bernama reported.