The Transport Minister of Malaysia has stated that the government is in the process of commissioning a feasibility study on the proposed MYR200 billion (US$49.2 billion) port and maritime city PPP project on Carey Island, located off the coast of Selangor, western Malaysia.
The project would expand the nearby Port Klang by 30 million 20-foot equivalent units (TEUs). Under the proposal, a MYR140 million (US$34.4 million) port will be developed alongside a maritime city on the island, comprising industrial parks, free trade zones, and commercial and residential buildings.
Adani Ports and Special Economic Zone Ltd signed a memorandum of understanding (MoU) to study the feasibility of the project in April last year by MMC Corp Bhd's unit MMC Port Holdings Sdn Bhd, and Sime Darby Property Bhd.
The next step in the process is the commissioning of the study by the Port Klang Authority.