The intended takeover of the Bintulu Port concession by Sarawak, estimated at RM1.8 billion, is currently awaiting official sign-off by the Federal Cabinet, confirmed Chief Minister Datuk Patinggi Tan Sri Abang Johari Tun Openg. This transaction, linked to the state’s bid to reclaim rights under the Malaysia Agreement 1963, would see the remaining 21 years of Bintulu Port Holdings Sdn Bhd’s concession—scheduled to expire in 2042—transferred from federal to state control.

Key highlights
• Initial proposal: In 2019, Sarawak first declared its plan to assume responsibility for Bintulu Port as part of a wider MA63 restitution package. A valuation placed the concession’s price tag at roughly RM1.8 billion.
• Due diligence in process: The Ministry of Transport has finalised its technical and financial reviews, forwarding the findings to the Prime Minister’s Department for Cabinet deliberation.
• Pending state legislation: At the same time, Sarawak is drafting a Ports Authority Bill to form a statutory entity that will oversee Bintulu Port and any additional ports handed over to the state. This bill is slated for introduction in the State Legislative Assembly later this year.
• Wider MA63 goals: Beyond ports, Sarawak is advocating for the transfer of oil and gas rights, jurisdiction over land and immigration, and other provisions within the 1963 Agreement. The progress of the port handover is regarded as an indicator of how swiftly the federal government may address their remaining demands.

Abang Johari expressed confidence that the Cabinet will approve the transfer at its next session. “Once we have the green light, we will promptly initiate the legal and operational measures to place Bintulu Port under Sarawak’s jurisdiction,” he told the media. “This move is not just about ownership; it’s about securing enhanced infrastructure funding, generating employment, and ensuring that the revenue here directly benefits Sarawakians.”

Should the Cabinet grant approval, Sarawak plans to finalise the handover by the end of the year. The state administration expects that complete authority over Bintulu Port will unlock further investments in port enlargement, logistics, and downstream operations, solidifying Sarawak’s standing as a key regional trade centre.

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Note: This article was retrieved automatically from reliable news outlets. The information provided is intended for general reference only. Always confirm project specifics, pricing, and investment decisions with licensed professionals or official developers.