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Jakarta Post

Pelindo I to spend Rp 1.3t in new investment

  • Nani Alfrida

    The Jakarta Post

Jakarta   /   Mon, February 15 2010   /  11:48 am

PT Pelindo I, one of the country’s four state-owned port operators, will spend up to Rp 1.3 trillion (US$139 million) this year to improve several ports under its management, a senior executive said.
Bambang Eka Cahyana, Pelindo I’s director of commercial and business development, said last week that port facilities needed to be further improved to enable them to handle more cargo shipment that was expected to increase significantly following the implementation of the ASEAN-China Free Trade Agreement (ACFTA) in early January.

He said ACFTA would increase not only imports but also exports of non-oil commodities from Indonesia to other ASEAN members and China.

“This year we allocated Rp 1.3 trillion in capex [capital expenditure], which is higher than the Rp 149 billion last year,” he said, adding that about Rp 800 billion of the total funds would be sourced inter...