Indonesian Political, Business & Finance News

Container terminal set for expansion

| Source: GOI
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.
Tags: business
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