Malaysian plantation-to-property conglomerate Sime Darby said on Monday it had obtained the government’s approval to build a private low-cost carrier terminal.
The terminal will be built on Sime Darby’s land in the southern state of Negeri Sembilan.
“The proposed LCCT project is an integral part of the company’s development plan for its Negeri Sembilan Vision City,” Sime Darby said in a filing to the stock exchange.
Budget carrier AirAsia and Sime Darby said last month that they had jointly expressed interest to the government to develop and operate the MYR1.6 billion ringgit (USD$459.8 million) terminal.
