MSM sugar refinery in Prai to continue operating under 15-year lease
BUTTERWORTH, Oct 19 — The lease of the land that houses MSM Malaysia Holdings Berhad’s (MSM) sugar refinery...
On October 19, RAC chief executive officer Datuk Azhar Ahmad revealed that the lease of the land housing MSM Malaysia Holdings Berhad’s sugar refinery in Prai will remain valid for an additional 15 years. The refinery, operational since 1964, is not part of the Kampung Manis development project and will continue to function on RAC-owned land.
A lease agreement for the refinery will be established between the relevant parties for a period of 15 years, according to Azhar. Penang Chief Minister Chow Kon Yeow officiated the signing ceremony, which also featured the presentation of Letters of Intent for the ‘Rumah MutiaraKu’ housing units, aimed at clearing Kampung Manis residents' sites.
The redevelopment project, covering 1.61 hectares in Bandar Prai, includes the relocation of residents. The Ministry of Transport had previously submitted an application to the Cabinet for extending the refinery’s land lease, following FELDA's request for a 30-year extension. Strategically located near the port and railway tracks, the refinery plays a crucial role in Malaysia’s sugar industry.
Written by urgent.news from Malay Mail's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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