Large sums to be spent on new Indonesian ports


Jakart: State-run port operator Pelindo II has committed to spend Rp7trn ($721m) to develop Kalibaru Port in North Jakarta and Sorong Port in West Papua, more than three times what it had originally earmarked.
“When the construction of both ports is finished, they will reduce logistics costs and further drive trade as well,” the operator’s president Richard Joost Lino said.
Sorong Port will have an initial annual capacity of 500,000 teu while Kalibaru Port, also known as New Priok, will have an intitial annual capacity of 4.5m teu, rising to 13m teu when totally complete, alleviating box congestion in the capital.  [07/02/13]

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