Mandiri agrees on container terminal financing
Irawaty Wardany, The Jakarta Post, Jakarta | Tue, 07/26/2011 3:11 PM
The country's largest lender by assets, Bank Mandiri, and state
port operator PT Pelabuhan Indonesia (Pelindo) II signed Tuesday an
MoU on the financing of the phase I development of Kalibaru
Container Terminal, planned to commence in 2015.
Mandiri guarantees Rp 11 trillion (approximately US$1.29 billion)
in loans, expected to be paid off in 10 years.
The MoU was signed by
Mandiri president director Zulkifli Zaini and Pelindo II president
director Richard Joost Lino in Jakarta, and was witnessed by
State-Owned Enterprises Minister Mustafa Abubakar.
The project is still currently in the bidding process by the
Transportation Ministry.
“Bank Mandiri's support to PT Pelindo II has given us confidence
technically and financially to develop phase I of the Kalibaru
project,” Richard said.
He added that the project was aimed at increasing the capacity of
Tanjung Priok Port in North Jakarta, which has begun to face
stagnancy in business activities due to limited area and equipment.
The Kalibaru container terminal will be built on 75 hectares of
land and is expected to accommodate 1.9 million 20-foot equivalent
units of containers in North Jakarta. The terminal will have a
2,500-meter dock.
