Malaysia Airports Holdings To Spend MYR150 Mln On Infrastructure Development In 2018-2020-Official

© Nikkei Markets

KUALA LUMPUR (Dec 20) — Malaysia Airports Holdings plans to spend 150 million ringgit ($35.8 million) in infrastructure development between 2018 and 2020, a senior company official said Thursday.

While the state-backed airport operator will spend about 39 million ringgit-to- 40 million ringgit for Subang Aerotech Park in Selangor, the remainder will be used to develop KLIA Aeropolis including the Digital Free Trade Zone, General Manager Randhill Singh told reporters. 

The company, which has already spent 60 million ringgit, is funding the expenditure through own cash, he added. 

– By Gan Pei Ling
– Edited By Abhrajit Gangopadhyay

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