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Perlis Inland Port to enable trade between Malaysia and Thailand
Posted on March 21, 2022 |
- The public-private initiative will develop a new inland port along the Malaysia-Thailand border and will transform Perlis into an international logistics hub.
- PIP will serve as Malaysia’s new gateway for trade for container routes passing through Padang Besar, and after completion, the facility will have a capacity of 2 million TEU annually.
- The Government of Malaysia allocated RM318 million ($75 million) to develop infrastructure at the port and the private sector has invested a total of RM1.2 billion ($285 million).
- The development of PIP aims to accelerate trade with Thailand and at the same time add value to strategic projects in the Northern Corridor Economic Region which are the Chuping Valley Industrial Area (CVIA), Chuping Agro Valley (CAV), NCER Agribio Economic Zone (NAEZ) and Perlis Super Fruits Valley.