AsiaPorts and Logistics
Indonesian port operator seeks to raise $3bn
State-run port operator Pelabuhan Indonesia (Pelindo) II is seeking up to RP40trn ($3bn) to fund its planned expansion over the next five years, the Jakarta Post reported, citing president director Elvyn Masassya.
Pelindo II plans to set up an investment firm to raise the funds.
The current government in Jakarta has set about an ambitious ‘maritime highway’ project aimed at linking up the disparate archipelago, Southeast Asia’s largest nation, with billions of dollars of infrastructure development lined up in the next five years.