Indonesia deal will be first for Dublin Port
Dublin Port is closer to agreeing a joint venture with the Indonesian government to build a $900m container terminal in Sabang Port in Aceh.
The 50-50 joint venture involves setting up a new company, Sabang Hub International Port, which is likely to be operating within three months.
The company plans to build a 2,500 metre quay and a 22-metre deep harbour. The contract to operate the terminal will last for 50 years.
Most of the business at the terminal is likely to come from the transfer of containers from ship to ship. Dublin Port is a semi-state company. This is its first investment overseas.
The 50-50 joint venture involves setting up a new company, Sabang Hub International Port, which is likely to be operating within three months.
The company plans to build a 2,500 metre quay and a 22-metre deep harbour. The contract to operate the terminal will last for 50 years.
Most of the business at the terminal is likely to come from the transfer of containers from ship to ship. Dublin Port is a semi-state company. This is its first investment overseas.