JAKARTA (TheInsiderStories) – Stated-owned port operator, PT Pelabuhan Indonesia III or Pelindo III prepared investment Rp6.44 trillion (US$460 million) for 2019, said the chief executive. The investment is allocated for a number of strategic projects in seven provinces, included multi-year projects and new projects.
“We are still focused on the completion of port infrastructure development and flyovers that connect the Lamong Bay Terminal and the construction of the Gilimas Terminal in West Lombok,” said
CEO of Pelindo III Doso Agung on Wednesday (02/13).
Lamong Bay and Gilimas Terminal including the flyover will be ready in 2019, he added. Some of the proceeds also will go to fund development of ports in Benoa, Bali and Mataram in Lombok, including for construction of the first phase of development of West Kalibaru Terminal.
There are also a project to construct flyovers and tapper of the Outer Ring Road West Lamong Bay terminal. In addition, the development of the infrastructure projects to support the Mandalika Special Economic Zone in West Nusa Tenggara.
Pelindo III also prepares several new jobs in 2019, such as the construction of LNG terminals in Tanjung Perak Port, Surabaya, East Java; installation of a number offshore power connections in a number of ports across the east Indonesia, and modernization of loading and unloading equipment in a number of ports managed by the company.
He continued, the source of investment will derived from company’ internal cash as well as the results of the 2018′ global bond which amounted to US$500 million. Agung stated, “We’ll also collaborate with other SOEs and the private sector beside encourage the optimization of Pelindo III Group resources.”
Pelindo III is engaged in port services. The company manages 43 ports in seven provinces, namely East Java, Central Java, South Kalimantan, Central Kalimantan, Bali, West Nusa Tenggara and East Nusa Tenggara. It controls 23 subsidiaries and affiliates. The company’ core business is in the port service industry, which is vital for the continuity and smoothness of sea freight in Indonesia.
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