The Jakarta Post
State-owned seaport operator ASDP Indonesia Ferry is allocating Rp 1.9 trillion (US$140.5 million) to finance its expansion plans next year.
The firm will spend Rp 577 billion of that amount, about 30 percent, to have vessels of various sizes built locally.
Acting ASDP president director Faik Fahmi said that his firm would add 16 ferries to its fleet next year, half of which would be arranged through commercial procurement and half through public procurement.
“These sixteen ferries will add to the 139 ships we already have,” Faik said in Surabaya during the recent launch of a new route from Tanjung Perak Port in Surabaya to Lembar Port in Lombok.
Apart from that, ASDP will also use the earmarked funds to improve some of its 35 ports.
Faik said that his firm would carry out a study to find out which ports most required renovations to enhance pas...