adminKUALA LUMPUR, Feb 4 (Bernama) — The federal government and the Sarawak state government have, in principle, agreed on a value of RM1.8 billion for the state’s acquisition of Bintulu Port, the Dewan Rakyat was told today.
Transport Minister Anthony Loke said the federal government and the Sarawak state government are now at the final stage of the process to hand over the port to the state.
He said a technical committee jointly chaired by both parties is fine-tuning the legal aspects to ensure that all obligations are fulfilled as provided under the Bintulu Port Authority (Dissolution) Act 2023 [Act 59], before the effective date of the Act is set.
“This step is important to enable the Sarawak state government to officially take over the regulation and governance of Bintulu Port.
“The federal government has also determined the payment value as well as the payment method to be adopted by the Sarawak state government for the purpose of acquiring the port,” he said during the question-and-answer session.
— BERNAMA
