Pelindo IV to raises Rp3t from domestic bond issuances

5

State-owned port builder and operator, PT Pelindo IV is mulling over plans to raise Rp3 trillion ($225.56 million) through a bond issue in 2018 to fund ongoing projects and future expansions. Currently, the company is working on 10 port projects in the eastern part of Indonesia. They include Merauke, Manokwari, Jayapura, Sorong dan 5 di luar Papua meliputi Kendari, Ternate, Bitung, Manado, Ambon, and Makassar New Port. President director of Pelindo IV Doso Agung, said the company need up to Rp7 trillion for the project. Some of it will be taken from the state capital injection program as well as the company’s internal cash flow. President Joko Widodo has set out to reduce the country’€™s high logistics costs through his maritime highway initiative. The goal of the program is to reduce logistics costs from 23.5 percent of GDP to 19.2 percent by 2019.

The post Pelindo IV to raises Rp3t from domestic bond issuances appeared first on The Insider Stories.

Source: The Insiderstories
Pelindo IV to raises Rp3t from domestic bond issuances

You might also like More from author

Comments are closed, but trackbacks and pingbacks are open.