Indonesia Port Corporations (IPC) or PT Pelabuhan Indonesia (Pelindo), 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 US$3.5 billion in order to support the Indonesian government’s plan to turn Indonesia into a maritime axis, according to Deal Street Asia.
It was previously reported that the Port of Rotterdam was planning to build a seaport in partnership with Pelindo I. The purpose of this initiative is to create more opportunities for Dutch companies abroad.
Richard Joost, CEO of Pelindo II, said: “We are targeting to build 22 ports from Belawan to Sorong within five years.”
The Indonesian port projects are to be financed by cash and loans and once completed, each will have a capacity of 2.5 million TEU.
So far, around three ports have begun construction in Surabaya, Jakarta and Makassar and there is estimated to be around 60 investors who are prepared to provide Indonesia with financial aid for its port projects.
