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Hwa Beng: PKA could not afford to build PKFZ in single phase

Port Klang Authority (PKA) should not have agreed to develop the 1,000-acre Port Klang Free Zone (PKFZ) in a "single phase" in 2004 due to its weak financial standing.

PKA former chairperson Lee Hwa Beng said this when he testified in a civil suit brought by PKA against its former general manager OC Phang at the Shah Alam High Court for breaching her fiduciary duty.

Lee argued that even if PKA was able to rent out its RM1 billion properties, including land, buildings, and hotels upon completion, the rental collected would not be able to cover the cost of construction...

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