Port seeks ADB loan

Port seeks ADB loan

JAKARTA (JP): The state-owned seaport company, PT Pelabuhan
Indonesia III, has asked the Asian Development Bank for a loan of
Rp 200 billion (US$92.46 million) to build several facilities at
the Tanjung Perak port in Surabaya, East Java.

Company spokesman Taryono said yesterday that the proposed
loan would also be used to build a 950-meter dock.

He was quoted by Antara news agency as saying that the company
formerly received a $157-million loan from the bank for the
expansion of a container terminal at the port.

Although the company has not completed paid back the loan,
there is nothing to stop the firm from requesting an additional
loan, he said.

According to Taryono, the existing dock with a total length of
seven kilometers is already too small. (05)