JAKARTA: Indonesia Port Corporation II, a state-owned port operator, says it needs Rp 14 trillion ($1.6 billion) to build and develop five ports across Indonesia by 2019.
The operator known as Pelindo II is planning to build three ports this year, namely in Sorong, Kijing and Tanjung Carat. Meanwhile, development of two other ports, in Bojonegara and Cirebon, is scheduled to start in 2016.
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Pelindo II would raise funding from internal cash, bank loans, bonds and investors — barring any capital government injection.
“We cannot provide details [of the funding source] now, but we are not relying on any government assistance,” said R. J. Lino, president director of Pelindo II, here the other day.
