RM300m more for Tanjong Agas park

RM300m more for Tanjong Agas park

Sunday, 12 December 2010 10:39

The government will allocate RM300 million under the 10th Malaysia Plan to facilitate the development of Tanjong Agas Oil & Gas and Logistics Industrial Park (TAOGLIP).

Prime Minister Datuk Seri Najib Tun Razak said the amount, an addition to the RM150 million incentive through the government's stimulus packages last year, would be utilised for infrastructure works related to the project.

The project, he said, supported the government's goal to promote and accommodate more Entry Point Projects under the Economic Transformation Programme.

"Projects like these will help to spur economic development and attract additional investments in Malaysia's maritime and oil and gas business sectors -- these strong economic pillars contribute to Malaysia's Gross National Income. 

"Ensuring long term growth and investment in these sectors will contribute significantly toward our transformation of Malaysia into a high-income nation by 2020," he said at the ground breaking ceremony for the Integrated Common User Supply Base in Pekan today.

Sultan Ahmad Shah of Pahang graced the event.

The RM620 million Integrated Common User Supply Base operated by Tanjong Agas Oilfields Supply Centre Sdn Bhd, a company co-owned by Tanjong Agas Supply Base & Marine Services Sdn Bhd and Oilfields Centre Ltd (OSC) from Dubai, will be a unique one-stop centre to serve the region's enormous and rapidly growing upstream and downstream activities.

Najib said the supply base, expected to be ready by 2013, would be a key platform to provide services for offshore oil and gas exploration and production activities in the South China Sea.

"In addition to its role in attracting investment and business from the oil and gas industry, this project is expected to create more than 2,000 new jobs and establish an infrastructure that can foster entrepreneurial culture for Malaysians and foreigners," he said.

He also said four companies had agreed to take site possession of Tanjong Agas Group land plots and were ready to commence construction of their facilities.

The four companies are Kintera Sdn Bhd (liquefied petroleum gas loading and disloading and a refrigerated storage terminal and facilities); Komas Energy Sdn Bhd (bunker and fuel transit storage depot and for oil spill response equipment); MKRS Group (M) Sdn Bhd (integrated fabrication and a ship repair yard for offshore platforms and vessels); and Tanjung Agas Technology-Pacnet (data center and a submarine cable landing station).

Tanjong Agas Supply Base & Marine Services Sdn Bhd managing director Mohd Faidzal Ahmad Mahidin told reporters later that the RM300 million allocated by the government would be fully utilised to develop external infrastructure such as dedicated dual carriageway and other facilities to support the development of TAOGLIP.

"Companies inside TAOGLIP will develop their own infrastructure and facilities as the project was private driven initiative," he said. -- Bernama