Indonesian state-owned port operator Pelindo III is to spend more than US$72 million to renovate seven of its seaports, according to Seatrade Maritime.
Djarwo Surjanto, President Director at Pelindo III, said: “Currently, those seven ports are in poor condition and unsafe . Maumere Port, for example, is located too close to cargo loading and unloading terminals and therefore it is unsafe.”
Rahmat Satria, Operational and Business Development Director at Pelindo III, said: “If we are able to use a state capital injection as initially planned, the renovation work at the ports could be completed in 2017. If we use internal cash, the renovations may take longer, until 2018 or 2019.
“We’re now trying to fund the project with internal sources to avoid interest-ridden funding as the seven ports are small ones and therefore the income being generated from them is relatively meagre.”