Tanco signs RM3.53bil EPC framework Smart AI Container Port

PETALING JAYA: Tanco Holdings Bhd has entered into a heads of agreement (HOA) with CCCC Dredging Southeast Asia Sdn Bhd (CDSA) to detail further aspects of the development of a proposed Smart AI Container Port in Port Dickson, Negeri Sembilan.

In a statement, Tanco said the HOA establishes the framework for consideration of CDSA’s appointment as the engineering, procurement and construction (EPC) contractor for the port.

“The EPC works carry a maximum contract value of RM3.53bil, subject to final design, costing, and commercial terms.

“The sea port component is expected to be constructed within three and a half years once work commences.”

CDSA is a wholly-owned subsidiary of CCCC Dredging Group Co Ltd, known globally for major marine engineering works including Yangshan Deep-Water Port and Colombo Port City.

The HOA requires CDSA to prepare detailed engineering studies, reclamation and piling methodologies, marine structure designs, costing supported by external benchmarking, and compliance plans aligned with Malaysian and international port standards. These are to be developed and finalised within the stipulated timeframe.