Three ports, Sorong, Kijing and Tanjung Carat are set to begin their development work this year while development of two other ports, in Bojonegara and Cirebon, is scheduled to start in 2016.
Pelindo II said it would raise funding from internal cash, bank loans, bonds and investors and all but ruled out any capital injection from the government.
“We cannot provide details [of the funding source] now, but we are not relying on any government assistance,” Richard Lino president director of Pelindo II was quoted as saying.
Copyright © 2024. All rights reserved. Seatrade, a trading name of Informa Markets (UK) Limited.
Add Seatrade Maritime News to your Google News feed.
