Patimban Seaport project will start to ground with investment $3b
JAKARTA (TheInsiderStories) – President Joko Widodo has decided to move the Rp40 trillion ($3.03 billion) seaport projects from Cilamaya to Patimban in West Java as the construction work may interfere with oil and gas lines in and around the area.
The new seaport in Patimban, a two-hour drive from the Cikarang industrial complex in the eastern outskirt of Jakarta, will have a capacity of 7.5 million twenty foot equivalent units (TEUs) by 2037, providing much-needed support for trade activities in Java and center of its manufacturing activities.
Currently, the country’s major ports such as Tanjung Priok in Jakarta, Tanjung Perak in Surabaya and Tanjung Mas in Semarang take in more than two thirds of Indonesia’s container traffic.
Jonan said, if approved the development plan that will use the Port Patimban intergovernmental financing schemes. Plan construction started about the beginning of 2017, and 2019 can start the operation of phase I.
“The capacity of about 250,000 vehicles since these vehicles is an important car terminals, and also about 1.5 million TEUs for the first time from 7.5 TEUs, “said Jonan.
Belgium and Japan have expressed an interest to provide financing for the project, said Mauritz H. Sibarani, the director of seaport at the Transport Ministry.
He added, there is the possibility of funding from Japan with 0.01 percent interest, if approved by the Port Patimban it will be a port owned by the government of Indonesia fully.
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Source: The Insiderstories
Patimban Seaport project will start to ground with investment b