Indonesia: Banks Provide Loans for Kalibaru Port Development

Bank Mandiri and Bank Negara Indonesia (BNI) have agreed to provide loans worth US$105 million to Pelindo II to help the financing of the Kalibaru Port development program.

“This credit would significantly accelerate the development of the first phase of the Kalibaru Port, which will become one of the largest container ports in the country with an area of 195 hectares,“ stated Pelindo II president director R.J. Lino.

According to thejakartapost.com, during the first phase the company will develop three container terminals with a total capacity of 4.5 million 20 foot units (TEUs) and two fuel berths with a total investment of up to US$2.5 billion.

[mappress]

Dredging Today Staff, September 20, 2012; Image: inaport2