Asia

Further details on race to operate Kalibaru

Jakarta: Pelindo II president director Richard Joost Lino has provided further details about the deal for terminal operators mulling bidding for Jakarta’s new huge 13m teu Kalibaru port. He said that 18 firms were competing for the tender for the two new terminals in Kalibaru. The appointed operators will have to invest between $200m and $350m on average for each terminal for the superstructure and equipment.

“We are offering them [tender participants] a 49% share in the terminals. They have to deposit the equity with us and we will pay them in dividends,” he told local media while announcing his firm’s quarterly results yesterday. The tender’s result will be made known in September.  [25/04/13]
 

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