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Jakarta Post

American investors show interest in Kuala Tanjung Port

  • Apriadi Gunawan

    The Jakarta Post

Batubara, South Sumatra   /   Mon, July 16, 2018   /   02:48 pm
American investors show interest in Kuala Tanjung Port The Cruise Superstar ship sits at a dock for 11 hours after having carried 700 foreign tourists at Kuala Tanjung Port in Batubara regency, North Sumatra, on April 5. (JP/Apriadi Gunawan)

Overseas Private Investment Corporation (OPIC) vice president David Bohigian has said that investors from the United States have expressed interest in investing in infrastructure located near North Sumatra's Kuala Tanjung Port, which is scheduled to be inaugurated by President Joko “Jokowi” Widodo on July 30.

Bohigian told journalists while visiting Kuala Tanjung Port over the weekend that he had spoken to a number of American investors who showed interest in investing in both industry and infrastructure in Indonesia, including in Kuala Tanjung.

“We allocated US$100 million to be utilized by American investors […]. That is why we came here, to inspect the progress of development here, including the Kuala Tanjung seaport construction,” Bohigian said.

He said Kuala Tanjung Port would become one of the biggest seaports in Indonesia and a hub for international cargo, benefiting local industries in North Sumatra.

The construction of the port took into account environmental aspects and the jobs of traditional fisherfolk, he said. “We can see that there are still fishing boats that pass near the seaport,” he added.

Bohigian recently talked to Coordinating Maritime Affairs Minister Luhut Pandjaitan and Investment Coordinating Board (BKPM) head Thomas Lembang in Jakarta about the plan to bring in American investors.

OPIC has invested US$2.35 billion in 116 projects in Indonesia since 1974. Bohigian said the institution supported investing $120 million in a wind farm project in Sulawesi that was inaugurated by the President recently. (bbn)