Tue, 22 Jan 2008
The Jakarta International Container Terminal (JICT) will expand its 72-hectare container yard by 12.4 hectares to increase its storage capacity by 57% to 55,000 ton equivalent units (TEUs), The Jakarta Post reported Thursday (17/1/08).

The terminal, at Tanjung Priok port in North Jakarta, will also procure handling equipment, build a road access to the Jakarta Outer Ring Road and create additional entry and exit gates for a total investment of $150 million. Work is expected to start in March for completion in 2011.

President director Bambang Bhakti said that JICT was targeting to handle a total of two million TEUs this year from 1.8 million TEUs last year. "This means we are targeting to handle around 170,000 TEUs every month," he said.

JICT is a joint venture company owned 51% by Hutchinson Port Holdings and 49% by state-owned company PT Pelabuhan Indonesia (Pelindo) II and the maritime employees cooperative.

Up to 60% of import-export activities in the country are carried out through the Tanjung Priok port.




News Search/Filter
Transaction Rates
16 Dec 17
Buy
Sell
BTC1
236,133,726
236,133,726
Taxation Exchange Rates
31 Aug 16 - 06 Sep 16
USD 1
13,232.00
AUD 1
10,043.30
CAD 1
10,213.70
DKK 1
1,999.40
HKD 1
1,706.22
MYR 1
3,283.28
NZD 1
9,623.63
NOK 1
1,605.23
GBP 1
17,433.70
SGD 1
9,757.68
SEK 1
1,569.45
CHF 1
13,631.10
JPY 100
13,101.00
MMK 1
11.01
INR 1
197.29
KWD 1
43,920.70
PKR 1
126.23
PHP 1
285.00
SAR 1
3,528.53
LKR 1
91.12
THB 1
382.08
BND 1
9,756.53
EUR 1
14,885.50
CNY 1
1,987.61

Okusi Associates: Indonesian Business & Management Services