Indonesian port operator seeks to raise $3bn

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.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.

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