Finance director Ari Askhara was quoted as saying that Pelindo III's expansion plans for 2014 to 2019 had a budget of $2bn, with $1bn to come from bonds, $500m from bank loans and $500m from internal resources.
“We have plans to build monorails and power plants in the future,” he said. The monorail was set to connect the established but congested Tanjung Perak Port with the new Teluk Lamong multipurpose terminal, both in East Java. Meanwhile, the power plant will provide electricity for a giant mining firm that is expected to officially ink a deal in the first quarter of next year with Pelindo III on electricity procurement, Ari revealed.
He added that the port operator has currently secured $1bn to finance projects for this year till 2016, with some 65 % of the funds allocated for Teluk Lamong terminal and the remaining 35% for the development of Tanjung Perak and Tanjung Emas Ports.
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