The construction of Phase I of the RM 1.8 billion Samalaju port is expected to be complete by the first quarter of 2016. Bintulu Port Holdings Berhad is developing the port under the build-own-operate model. Once completed, the port will have an annual handling capacity of 18 million tonnes of cargo for industries operating at the Samalaju Industrial Park (SIP), a part of the Sarawak Corridor of Renewable Energy. The latter is one of the five regional development corridors being developed in the country. A total of 16 industries have committed to investing in SIP, with five having started operations.