Expansion of Sepanggar Bay Container Port set to generate nine ICP initiatives
04 Mar 2022
The Sepanggar Bay Container Port (SBCP) expansion project worth almost RM1 billion is capable of generating nine initiatives of the Industrial Collaboration Programme (ICP) that will benefit the people of Sabah.
The state’s Deputy Finance Minister II Yamani Hafez Musa said the ICP initiatives, among others, involve local companies in maritime subcontract works worth RM253.89 million, and capacity building works related to the ‘Building Information Modelling (BIM).
Among the beneficiaries of the ICP initiatives are the Sabah Economic Development and Investment Authority (SEDIA), Sabah Works Department, Sabah Port Sdn Bhd, and Universiti Malaysia Sabah.
“The implementation of the ICP will enter a new era and drive the economic recovery as well as enhance the competitiveness and resilience of micro, small and medium enterprises (MSMEs)
“The ICP aims to benefit industries, institutions and local companies so that no one will be left out,” he told reporters after witnessing the signing of the main contract and the ICP SBCP agreement here today.
Parties to the signing were SEDIA chief executive Datuk Hashim Paijan, WCT Holding Bhd project manager Mohd Roslan Sarip and China Communications Construction Company (M) Sdn Bhd (CCCC) project manager Du Jingquan.
SEDIA is the project owner of SBCP while WCT Holding Bhd and CCCC are the main contractors, while ICP initiatives for the project are managed by the Technology Depository Agency (TDA), an agency under the state’s Finance Ministry which is also the authority for ICP.
SBCP is located 25 kilometres north of Kota Kinabalu.
Hashim said the SBCP expansion project is expected to be completed by Feb 28, 2025.
Once completed, SBCP will be able to handle 1.25 million twenty-foot equivalent units (TEUs) from 500,000 at present.
“SEDIA is proud of the achievement of the SBCP project whereby the total credit value so far has reached RM493 million. This shows the ICP programme for the SBCP project has achieved 54.8 per cent of ICP credit value, encompassing the nine ICP initiatives,” he added.