KXP

AcronymDefinition
KXPKimco Exchange Place (New York, NY)
References in periodicals archive ?
He said the neighbouring state government had previously affirmed that KXP will only be a cargo airport and not ferry passengers.
'We hold Kedah to its commitment that it is a cargo airport, that is our view,' he said today when asked to comment on a leaked presentation that KXP will have two runways.
The Star newspaper, which said it obtained the leaked presentation from yesterday's closed-door dialogue with Kedah Mentri Besar Datuk Seri Mukhriz Mahathir and senior government servants, reported that KXP's development will be financed by the sale of an 18sq km plot of land around the proposed airport site.
The proposed KXP is about five times the size of the Penang International Airport (PIA), which occupies a mere 3.3sq km and has only one runway, while the Kuala Lumpur International Airport's land covers 100sq km and has three runways, The Star reported.
Earlier, Chow reportedly said that the proposed KXP would pose competition and would reduce the use of cargo infrastructure facilities at the Penang International Airport (LTAPP) as well as reduce foreign direct investment (FDI) to the state.
Last March, Mohamed Azmin announced that the federal government had approved seven high-impact projects in Kedah worth over RM3.6 billion, including the construction of KXP involving an external investment of RM1.6 billion.
'Yes...we will be organising a meeting between the three states, namely Kedah, Perak and Penang to discuss various matters including the proposed construction of the KXP.
'We want to convince Penang that the KXP project does not intend to undermine Penang's economic interests, in fact it can contribute to economic growth across major development areas in the northern region,' he told reporters after presenting Jerlun Parliamentary Ramadan contribution here today.
Lim who is also the Member of Parliament for Bagan said the federal government fully understood the concerns raised by Penang over the impact of the KXP.
'KXP will help strengthen foreign investor confidence in northern states and it is like a matter of common interest between both sides in order for the entire northern region to keep moving forward.
Lee wanted to know whether KXP would give negative impact to Penang International Airport and Penang in general.
Kedah Mentri Besar Datuk Seri Mukhriz Mahathir said the state government was of the view that KXP was a requirement now especially for the cargo service sector, apart from fulfilling the needs of the existing industries in Kedah, Penang, northern Perak and Perlis.