Business Data

Industry news - container t erminal deficit addressed with US$2.4 7bn expansion plan

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believes that the s ubs tantial investment in Indones ia's larg es t port is essential given the country's strong macroeconomic outlook and ins ufficient traderelated infras tructure. The cons truction of 'New Priok' will benefit Indones ia's g rowing export s ector in particular, as larger ves s els des tined for Europe and North America will be able to utilize the port. Upon completion, the project s hould allow Indones ia to keep pace with its own economic growth and present the country with an opportunity to improve its trade s tatus in the reg ion. Indonesia Port Corporation II (IPC) has announced that it will inves t US$2.4 7bn to develop an extens ion of the Tanjung Priok port in North Jakarta, the country's larges t port. Of this , US$1.38 bn will be inves ted in container terminal infras tructure with the aim of more than tripling annual capacity from 5mn twenty-foot equivalent units (TEUs ) to 18mn TEUs upon completion in 2023. A further US$730mn will be s pent on cons truction of a new petroleum product terminal and US$30 5mn on toll roads , a power s tation and an indus trial area. The project is being carried out under the Mas ter Plan for the Acceleration and Expans ion of Indones ian Economic Growth (MP3EI), a 10 -year initiative intended to realisehigh, sustainable economic g rowth over the next decade. The project's firs t phase will beg in in July of 2012 and finis h in 2014 . It will include three container terminals and two full berths , adding 4 .5mn TEUs to Priok's annual capacity. Priok currently handles 6 0% of Indones ia's international container traffic. The port's container terminal is plagued by excessive congetion, operating 16% over its 5mn TEU capacity in 20 11. This is a definite indication that inves tment in the port's expans ion is much needed and will greatly benefit Indones ia's growing economy.

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Ketersediaan

Informasi Detail

Judul Seri

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No. Panggil

BD BMI i

Penerbit

London : BMI Research., 2012

Deskripsi Fisik

1 p.

Bahasa

English

ISBN/ISSN

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Klasifikasi

BD

Tipe Isi

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Tipe Media

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Tipe Pembawa

online resource

Edisi

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Subjek

indonesia
Freight Transport & Shipping
26 Apr 2012

Info Detail Spesifik

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Pernyataan Tanggungjawab

BMI Research

Versi lain/terkait

Lampiran Berkas

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