JICT to spend US$70m to increase capacity

Three Indonesian state-owned enterprises – PT Telkom, PT Telkomsel, and state port operator PT Pelindo II – will have access to US$920 million in foreign commercial loan funds to expand service infrastructure.

RJ Lino, president director of Pelindo II, said the operator got a $70 million loan from the syndication of International Finance Corporation-Hong Kong and Shanghai Banking Corporation to develop the Jakarta International Container Terminal (JICT).

The commercial loan would be allocated to increase the capacity of the JICT to three million TEUs, a 50 percent increase from the current capacity of two million TEUs.
(Source:www.cargonewsasia.com)