Page 226 - Malaysia 2016
P. 226
2016
Penang Port is an international port Railway Assets Corporation (RAC)
strategically located in the Straits of
Malacca on the North West Coast The Railway Assets Corporation (RAC)
of Peninsular Malaysia. Penang Port is a Federal Statutory Body under the
offers a variety of facilities and modern Ministry of Transport of Malaysia which
equipment to handle containers, liquid was established under the Railways
bulk cargo, dry bulk cargo and general Act 1991 (Act 463) which took effect
cargo. on 1st August 1992. The establishment
of the Corporation was gazetted
Since 1 January 1994, the operations of through the Government Gazette
the port and ferry services at Penang No.16, Volume 36 on 30th July 1992
Port has been privatised to a licensed and became fully operational as
operator, i.e. Penang Port Sdn. Bhd. (PPSB) an organisation on 1st August 1992
under the Ports (Privatisation) Act 1990. concurrently with the corporatisation
PPC continues to exist as a Port Authority of the Malayan Railway Administration
as well as undertakes other major roles, (KTM). The RAC was established as a
namely as a Regulatory Authority under result of the Government’s decision to
the Ports (Privatisation) Act 1990, as a corporatize the administration of KTM –
Port Resource Centre for the northern a Government-owned agency which
region and as the Administrator of the was established to assist the national
Free Commercial Zone (FCZ) under the railway industry to advance, become
Free Commercial Zone Act 1990 and more competitive and on par with the
Free Zone Regulations 1991. railway industry in developed countries.
This aspiration became realistic through
In 1995, Parliament passed the the formulation of the Railways Act
amendments to the Penang Port 1991 and the revocation of the Railway
Commission Act, 1955. These Ordinance 1948.
amendments enable PPC’s power and
jurisdiction to be extended to other RAC is resposible to and over the
ports. Effective 1 January 1999, PPC management of assets, rights and
was appointed as the Port Authority liabilities of KTM before 1st August 1992
and Regulatory Authority following to RAC so that the substitute company
the privatization of Teluk Ewa Jetty, (KTMB) will be free of burdening debts
Langkawi. and non-operational costs, to execute
the development and redevelop the
Apart from that, PPC also acts as trade railway infrastructures and to finance
facilitator, mediator and promoter of railway infrastructure development using
Penang Port. PPC is also commited in sources gathered from various activities
promoting Penang Port to be the hub- such as rental, lease and government
port for the Indonesia-Malaysia-Thailand allocation.
Growth Triangle (IMT-GT) as well as the
Bay of Bengal. Railway Assets Corporation
No 29G, Block B, Jalan TKS1,
Penang Port Commission (PPC) Kajang Sentral Business Park,
Aras 2, Swettenham Pier Cruise Terminal, 43000 Kajang, Selangor
No. 1A, Pesara King Edward, Tel: 03-8733 2020 | Fax: 03-8733 2222
10300 George Town, Pulau Pinang 603-8733 6018
Tel: 04-2633 211 | Faks: 03-2626 211 Website: www.rac.gov.my
Website: www.penangport.gov.my
Penang Port is an international port Railway Assets Corporation (RAC)
strategically located in the Straits of
Malacca on the North West Coast The Railway Assets Corporation (RAC)
of Peninsular Malaysia. Penang Port is a Federal Statutory Body under the
offers a variety of facilities and modern Ministry of Transport of Malaysia which
equipment to handle containers, liquid was established under the Railways
bulk cargo, dry bulk cargo and general Act 1991 (Act 463) which took effect
cargo. on 1st August 1992. The establishment
of the Corporation was gazetted
Since 1 January 1994, the operations of through the Government Gazette
the port and ferry services at Penang No.16, Volume 36 on 30th July 1992
Port has been privatised to a licensed and became fully operational as
operator, i.e. Penang Port Sdn. Bhd. (PPSB) an organisation on 1st August 1992
under the Ports (Privatisation) Act 1990. concurrently with the corporatisation
PPC continues to exist as a Port Authority of the Malayan Railway Administration
as well as undertakes other major roles, (KTM). The RAC was established as a
namely as a Regulatory Authority under result of the Government’s decision to
the Ports (Privatisation) Act 1990, as a corporatize the administration of KTM –
Port Resource Centre for the northern a Government-owned agency which
region and as the Administrator of the was established to assist the national
Free Commercial Zone (FCZ) under the railway industry to advance, become
Free Commercial Zone Act 1990 and more competitive and on par with the
Free Zone Regulations 1991. railway industry in developed countries.
This aspiration became realistic through
In 1995, Parliament passed the the formulation of the Railways Act
amendments to the Penang Port 1991 and the revocation of the Railway
Commission Act, 1955. These Ordinance 1948.
amendments enable PPC’s power and
jurisdiction to be extended to other RAC is resposible to and over the
ports. Effective 1 January 1999, PPC management of assets, rights and
was appointed as the Port Authority liabilities of KTM before 1st August 1992
and Regulatory Authority following to RAC so that the substitute company
the privatization of Teluk Ewa Jetty, (KTMB) will be free of burdening debts
Langkawi. and non-operational costs, to execute
the development and redevelop the
Apart from that, PPC also acts as trade railway infrastructures and to finance
facilitator, mediator and promoter of railway infrastructure development using
Penang Port. PPC is also commited in sources gathered from various activities
promoting Penang Port to be the hub- such as rental, lease and government
port for the Indonesia-Malaysia-Thailand allocation.
Growth Triangle (IMT-GT) as well as the
Bay of Bengal. Railway Assets Corporation
No 29G, Block B, Jalan TKS1,
Penang Port Commission (PPC) Kajang Sentral Business Park,
Aras 2, Swettenham Pier Cruise Terminal, 43000 Kajang, Selangor
No. 1A, Pesara King Edward, Tel: 03-8733 2020 | Fax: 03-8733 2222
10300 George Town, Pulau Pinang 603-8733 6018
Tel: 04-2633 211 | Faks: 03-2626 211 Website: www.rac.gov.my
Website: www.penangport.gov.my
