Indonesia in $7bn ‘Maritime Nation’ Move

In a bid to become a ‘maritime nation’, Indonesia is seeking US$7 billion of funding from foreign investors in order to construct ports across the country.

PTI previously reported that Indonesian state-owned port operator PT Pelabuhan Indonesia II (Pelindo II) will be issueing $1 billion in bonds in Q2, 2015 in order to construct three ports for Indonesia.

Indonesian maritime Co-ordinating Minister Indroyono Soesilo said: “The construction has [already] started for three ports in Surabaya, Jakarta and Makassar.”

IHS Maritime 360 reported Indonesian Chamber of Commerce and Industry standing committee Chairman for Logistic and Strategic Commodity Business Entity, Anwar Satta, as saying that financially, domestic investors must also be involved.

The incentives to be offered to domestic investors will cover permit ease, land acquisition ease, and everything covering labour issues.

In total there estimated to be 60 investors spanning 22 countries, with all prepared to provide financial aid for Indonesia’s port projects.

Indonesia in $7bn ‘Maritime Nation’ Move. (Source: Indonesia Port)