Tuesday, December 20, 2011

NCB gets concession extensions for Northport, SouthPoint

KUALA LUMPUR (Dec 20): NCB HOLDINGS BHD [] has been given concession extensions for the privatised Northport and SouthPoint services which were due to expire in 2013.

It said on Tuesday that the government via a letter dated Dec 16 had agreed in principle''to extend the concession period for the license and lease of Northport services for a period of 30 years for Northport and 21 years for SouthPoint respectively.

It said the approval was subject to further negotiation and subsequent agreement on the terms and conditions of the concession with the Public Private Partnership Unit at the Prime Minister's Department.


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