Marine Link
Thursday, March 28, 2024
SUBSCRIBE

Richard Joost Lino News

08 Oct 2015

Indonesia Plans to Build 22 Ports

Indonesia Port Corporations (IPC) or PT Pelabuhan Indonesia (Pelindo) II, Indonesia’s state-owned port operator is to build 22 ports in the country in the next five years for an anticipated cost of around $3.5 billion. “We are targeting to build 22 ports from Belawan to Sorong within five years,” Pelindo II chief executive Richard Joost Lino said. The Indonesian port projects are to be financed by cash and loans and once completed each will have a capacity of 2.5 million TEUs. As on date, the company has cash reserves of around Rp19.5 trillion from bond issuance, bank loans and internal cash flows. This project is a continuation of Indonesia’s previous decision to seek $7 billion in funding for its ‘Maritime Highway’ initiative.

28 Jun 2012

Indonesia to Build Three New Ports

In addition to the much anticipated Kalibaru Port that is expected to cost Rp 22.6 trillion (US$2.39 billion) in the first investment phase, Pelindo II will construct new ports in Tanjung Sawuh, Batam; Riau Islands province; and Sorong in West Papua, said president director Richard Joost Lino. “At the end of July, we will sign an agreement with the China Merchant Holding to construct a container terminal and an iron ore trans-shipment terminal in Batam,” Lino said on the sidelines of a logistics discussion with the Indonesian Chamber of Commerce and Industry (Kadin). Pelindo II is set to begin construction of the 4 million 20-foot equivalent units (TEUs) facility next year. Total investment for the Tanjung Sawuh Port is projected to reach Rp 20 trillion, Lino said.