Develop five port, Pelindo II invest Rp 50 T

JAKARTA. PT Pelindo II is ready to invest up to Rp50 trillion until 2018 to develop five seaports in the country.

“The five ports to be developed are Sorong, Cikarang Bekasi Laut canal (CBL); Tanjung Kijing; Tanjung Carat; Cirebon; and Bojonegara,” R.J. Lino, the president director of the state-owned port operator company, stated at the office of the state enterprises minister here on Thursday.

Some of the capacity and port development projects would be started this year, while others would be commenced in 2016 and are expected to be completed within two years on an average, Lino noted.

Lino remarked that the groundbreaking for the development of Sorong port, with an investment worth Rp3.5-4 trillion, is scheduled to be held in October this year.

“The pier to be developed is expected to have a capacity of 1 million TEUs. The land acquisition process for the five thousand-hectare project was already 75 percent complete,” he claimed.

Meanwhile, there is a pressing need to implement the CBL project that would combine a port terminal and a dry port in Cikarang, West Java, in a bid to reduce the burden on Jakarta’s Tanjung Priok port.

Lino stated that the groundbreaking ceremony for the development of Tanjung Kijing port in Sumatra is scheduled in December 2015, and the required investment is around Rp3 trillion, while three to five thousand square meters of land is needed for the project. The port is expected to have a capacity of 500 thousand TEUs.

The investment for the development of Tanjung Carat port in Palembang, Sumatra, is around Rp4 trillion, while the Bojonegara and Cirebon ports in West Java will require an investment of around Rp2 trillion.

Lino said the company would utilize its own funds in addition to taking loans to fund the projects.

“We will not use government funds. We have an internal funding of around Rp19.5 trillion in the form of free cash. The rest of the funds at around Rp20 trillion would be collected from bank loans, bond issuance, or investors,” he explained.

Source : www.english.kontan.co.id

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