TheJakartaPost
Please Update your browser
Your browser is out of date, and may not be compatible with our website. A list of the most popular web browsers can be found below.
Just click on the icons to get to the download page.
Japan announces RI projects worth $815m on PM Ishiba’s visit
A third expansion of Patimban Port in West Java is to receive the lion’s share of the funding.
Change text size
Gift Premium Articles
to Anyone
Share the best of The Jakarta Post with friends, family, or colleagues. As a subscriber, you can gift 3 to 5 articles each month that anyone can read—no subscription needed!
Shigeru Ishiba, then the newly elected leader of Japan's ruling Liberal Democratic Party (LDP), reacts at a press conference after the party’s leadership election in Tokyo on Sept. 27, 2024. (AFP Pool/Kim Kyung-Hoon)
J
apanese Prime Minister Shigeru Ishiba announced a set of projects in Indonesia worth a total of 129 billion Japanese yen (US$815 million) during his visit to Jakarta on Saturday for a meeting with President Prabowo Subianto.
The meeting is part of the PM’s four-day official visit to Indonesia and Malaysia, which began on Friday and is set to end on Sunday.
A third expansion of Patimban Port in West Java is to receive the lion’s share of the funding, 83.4 billion yen, in the form of a loan with an interest rate of between 0 and 3 percent that was signed on Friday.
The expansion is to increase the port’s car export capacity to 600,000 units a year, 1.5 times the current nationwide volume.
“The important thing is that we are trying to make Indonesia a hub for car exports,” Ueda Hajime, Minister for Economic Affairs at the Japanese Embassy in Jakarta, told The Jakarta Post on Saturday.
Since 2017, Tokyo has granted over 189 billion yen in loans for the first two phases of the construction of Patimban Port, which seeks to alleviate the cargo traffic burden at the country’s chief port, Tanjung Priok in Jakarta.
Japan is also looking to help improve existing fishing ports and is planning to conduct feasibility studies on eight potential locations across the country before deciding which to work on. The candidate locations include fishing ports on the Natuna Islands.
