Pelindo II president director Richard Joost Lino was quoted as saying that the new ports would be built in Tanjung Api-Api, South Sumatra, in Sorong, West Papua, as well as in West Kalimantan.
“We will issue the bonds in April next year to reap $1bn in funds for financing the new ports’ construction, which will kick off in the third quarter next year,” he said.
Pelindo II aimed to finish the construction of all three ports in around two-and-a-half years, Lino said.
“The new ports in West Kalimantan and Sorong would cost around IDR3trn ($248.4m) to IDR2trn,” he said, adding that the remainder of the $1bn fund would be used for the construction of the Tanjung Api-Api port. Lino said the Sorong port would have the capacity of 500,000 to 600,000 teu.
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