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Jakarta Post
The Jakarta Post
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DKI Jakarta, Indonesia
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RI, Japan sign $1b loan for Patimban Port

  • Rachmadea Aisyah

    The Jakarta Post

Jakarta | Tue, November 14 2017 | 12:22 am

PREMIUM After a four-month delay, Indonesia and Japan signed on Monday a long-awaited development loan agreement worth 118.9 billion yen (US$1.05 billion) to develop Patimban Port in Subang, West Java.The move will allow the project to set up Indonesia’s new logistics base beginning early next year. With a 40-year tenure, the loan accounts for 83 percent of the funds needed to develop the first phase ...