Kuala Tanjung Port project secures $157m loan

Prima Multi Terminal is a joint venture firm of state port operator Pelindo I and state construction firms Pembangunan Perumahan and Waskita Karya.

Pelindo I president director Bambang Eka Cahyana said Kuala Tanjung Port would be developed as an industrial gateway that would integrate a port and industrial area.“

The construction progress has been quite fast since the ground-breaking on 27 January last year,” he said. The port is set to be developed in four phases, with the first being the multipurpose terminal, followed by a nearby industrial area, and requiring investment of IDR3trn.

The third and fourth phases are the development of a container port and residential area. Construction costs for the second and the third phases are estimated at IDR34trn.