MALAYSIA RAISES ALLOCATION OF FUNDS TO UPGRADE PORTS

MALAYSIA RAISES ALLOCATION OF FUNDS TO UPGRADE PORTS

Malaysia will spend M$885 million (US$328 million) to upgrade its port system during the 1991-95 period of the Sixth Malaysian Plan, said Ling Liong Sik, the Malaysian transport minister.

The country allocated M$263.65 million under the Fifth Malaysian Plan for the 1986-90 period.Projects will include a container terminal in Butterworth, in the north of peninsular Malaysia, and additional berths at Port Kelang, in the central region. The Johore Bahru port in the south also will be expanded. Mr. Ling said there are plans to turn Pulau Lumut, off Port Kelang, into an ocean port.

Freight volume is projected to be 155 million metric tons by 2000, up from 75.7 million metric tons, valued at M$58.23 billion, in 1987.

Mr. Ling said other infrastructure facilities in the country also would be improved to attract more foreign investors.