Lamtoro Gung's subsidiary to build container terminal
Lamtoro Gung's subsidiary to build container terminal
JAKARTA (JP): PT Pelindo III, a state-owned port management
company, together with PT Citra Samudera Terminal Peti Kemas
(CSTP) under a joint venture, is to build a Rp 270 billion
(US$114.4 million) container terminal at Surabaya's Tanjung Perak
port.
Soedjarwo Soerjanto, a director of the state-owned port
management firm, said in Surabaya, East Java, Friday that the
container terminal, which will be the third in the port, will be
the first terminal at the port to be built under a joint
operation with a private sector company.
"The profit sharing of the joint operation will be based on
the ratio of the two companies investments in the terminal
project," he said.
He said that Pelindo III, which also controls 31 other ports
in eastern Indonesia, will share around Rp 100 billion of the
planned investment for the terminal.
CSTP, a subsidiary of PT Citra Lamtoro Gung Persada which is
owned by President Soeharto's eldest daughter Siti Hardiyanti
Rukmana, will provide the remaining Rp 170 billion.
The investment to be provided by Pelindo III will be used to
finance the construction of a 500-meter-long pier at the planned
container terminal, he said.
The construction of the first 250 meters of the pier is
scheduled for completion in 1997 and the other 250 meter is to be
completed in 1998, Soedjarwo said.
CSTP's investment, according to the contract agreement signed
by the two companies recently, will be used to finance the
procurement of loading and unloading facilities and to build the
terminal's receiving area.
Soedjarwo said that the construction of the terminal is
necessary to minimize the backlog of container flow at Tanjung
Perak, the country's second largest port after Jakarta's Tanjung
Priok port.
He said Pelindo III has for several years operated two
container terminals to facilitate container traffic at Tanjung
Perak port. "But their handling capacities are no longer adequate
in meeting the increase in the container traffic," he said.
He said that the container traffic passing through the two
existing terminals already reaches 500,000 twenty-feet equivalent
units (TEUs) annually at present.
"The actual traffic is much larger than estimated," he said,
referring to the port's 1988 estimate that states the container
traffic was likely to reach 500,000 TEUs per annum in 1998.
He said that the growth of the container traffic at Tanjung
Perak port reached an average of 27 percent per annum in the last
three years, far higher than the earlier estimate of 15 percent.
Soedjarwo said that the planned terminal will double the
port's goods handling capacity to one million TEUs per year.
Pelindo III booked operational revenues of Rp 112 billion in
the first semester of this year, more than half of the Rp 212
billion projected for the whole year.
The company's gross profit totaled Rp 50 billion in the
January-June period, also more than half of its Rp 90 billion
target for the whole year. (hen)