GEORGE TOWN, July 16 (Bernama) -- Japan International Cooperation Agency (JICA) is conducting a feasibility study on Indonesia's idea on the roll-on roll-off (RORO) vessel connnectivity in the Indonesia-Malaysia-Thailand Growth Triangle (IMT-GT).
IMT-GT chairman, Datuk Faudzi Naim Noh, said the study, under the grouping's Implementation Blueprint for 2012-2016, was funded by the Asian Development Bank (ADB).
"JICA is expected to come out with the guidelines on the sort of vessels and jetties needed because they do have such a model in Tokyo, Europe and the Philippines.
"If the study is correct, it will involve an investment of over RM100 million as I can see the price of each vessel is about US$30 million each," he told reporters after the Special Briefing by the ADB here yesterday.
Faudzi said the first part of the study, which started a year ago, has been completed and the IMT-GT Joint Business Council (JBC) has been invited for a briefing on the first part of the report.
"The JBC has invited JICA to come to Penang to present the first part of the report to the Penang shipping and logistics stakeholders.
"We need them to brief us because we going to have an impending takeover of the Penang port by Seaport Terminal, and the introduction of a new type of vessel will surely confuse the logistics community here," he said.
He said they needed to wait until the new Penang port operator accepted the proposal or otherwise.
Faudzi said IMT-GT JBC has developed five Strategic Action Plans to drive the economic development and business initiatives to achieve the objectives laid out by the IMT-GT and the Asean Economic Community to help make the region prosper and competitive by 2015. -- BERNAMA
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