Brunei, China collaborate on Muara Port expansion

Brunei launched the expansion project for Muara Port’s container terminal, with the second minister of finance and economy emphasising the strong partnership between China and Brunei in the port’s operations.

The Muara Port Company (MPC), a joint venture between Brunei and China, has been making significant contributions to Brunei’s economic diversification, according to the minister.

With the MPC’s expansion plan and improved port handling productivity, Brunei will be able to facilitate the expected growth in import and export cargo, driven by the development of local and international trade.

The expansion project, set to finish by 2027, involves building a new container terminal, upgrading current facilities, and creating a port trade zone to enhance trade processes and boost regional industrial growth.

The project will cost over $400 million Brunei dollars ($307 million) and will expand Muara Port to accommodate container ships up to 50,000 tons, boosting its cargo capacity.

Muara Port is the only deep-water port in Brunei. The MPC was jointly established in 2017 by Brunei’s Darussalam Assets and Guangxi Beibu Gulf International Port Group Co., Ltd.

Attribution: Xinhua

Subediting: Y.Yasser