Govt terminates 15-year port dredging concession over agreement violation | TheStarTV.com

Govt terminates 15-year port dredging concession over agreement violation

Published on 13 Jun 2024 4:55:37 PM

The government has terminated its 15-year port dredging and concession agreement with Integrated Marine Works Sdn Bhd (IMW) after the company breached multiple agreement terms.

Transport Minister Anthony Loke said the breaches included IMW changing shareholders without government approval and failure to pay concession charges.

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Keywords
news, terminate, port dredging, concession, agreement, IMV, breach, anthony loke, transport, violation

The government has terminated its 15-year port dredging and concession agreement with Integrated Marine Works Sdn Bhd (IMW) after the company breached multiple agreement terms.

Transport Minister Anthony Loke said the breaches included IMW changing shareholders without government approval and failure to pay concession charges.

Read more at https://shorturl.at/SZHXk

WATCH MORE: https://thestartv.com/c/news
SUBSCRIBE: https://cutt.ly/TheStar
LIKE: https://fb.com/TheStarOnline

Keywords:
news, terminate, port dredging, concession, agreement, IMV, breach, anthony loke, transport, violation

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