Tuesday, March 9, 2010

Tg Agas industrial park infrastructure on track

INFRASTRUCTURE works for the RM8 billion Tanjong Agas Oil & Gas and Logistics Industrial Park in Pekan, Pahang, is expected to be completed by 2012.

Tanjong Agas Supply Base & Marine Services Sdn Bhd (TASBMS) managing director Mohd Faidzal Ahmad Mahidin said it is completing the road access, groundworks and necessary infrastructure to enable companies to move in soon.

"We expect to see companies moving in and constructing manufacturing facilities at their respective plots of land by the middle of this year," he told Business Times in Kuala Lumpur last week.

At least 200 companies are expected to support operations at the industrial park's shipyard.

Mohd Faidzal said TASBMS has also secured the support of several players, both foreign and local, to operate at the industrial park.

"We expect to see more companies coming on board soon," he said, noting that the project will be hastened and its economic impact felt within the year.

It was reported previously that among the companies that planned to invest in the industrial park include Core Competence Sdn Bhd, Competent Selection Sdn Bhd, Vantech Dockyard (M) Sdn Bhd, Tec-Steel Manufacturing Sdn Bhd, Usatech Marine (M) Sdn Bhd, Bitari Abadi Sdn Bhd and Damini Corp Sdn Bhd, with total investments worth RM6 billion.

Facilities to be available at the 1,699.68ha Tanjong Agas Oil & Gas and Logistics Industrial Park include a shipyard, fabrication yard, dredger yard, bulk terminal, petroleum terminal and warehouses, factories and commercial and residential development.

"Besides land for the industrial park, we have allocated 607ha for commercial which will house among others headquarters of respective companies operating in the industrial park and other supporting companies," Mohd Faidzal said.

The area is being developed concurrently with the industrial park.
Upon completion, the Tanjong Agas industrial park will be a modern one-stop service centre and offshore base and is expected to create over 30,000 jobs within 10 years with the first 5,000 jobs to be generated within the first three years of operation.

Pahang state government's investment arm, Perbadanan Kemajuan Negeri Pahang, holds a 30 per cent stake in the industrial park, and the rest by TASBMS.

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