Indonesian state port operator Pelindo II projects Tanjung Priok port will handle up to 9.5 million TEUs by 2020, rising 113 percent from the current four million TEUs, reported Bisnis Indonesia.
President director of Pelindo II Richard Jose Lino said the projection was based on the construction of a new pier in the southern part of the port through the reclamation of a 246-hectare coastal area.
"We will make the groundbreaking by the yearend, so that the three-stage project can start earlier," he said.
At the first stage, he continued, Pelindo II would reclaim a kilometer long coastal area, covering 96 hectares, which was estimated to be finished by 2013.
After that, Pelindo II would add a one kilometer long pier by reclaiming 60 hectares of a coastal area, which would be finished by 2015.
At the third or last stage, added Lino, Pelindo II would develop a 1.5 kilometer long pier by reclaiming 90 hectares of coastal areas, which was expected to be finished by 2018.
"Following the capacity increase, big-size Suezmax post panamax vessels, which can carry more than 5,000 TEUs, can dock at Tanjung Priok port," he said.
Lino explained the company would join hands with strategic partners to provide 50 percent of the financing, while the rest would be prepared by Pelindo II from its equities.
So far, he added, some domestic as well as foreign investors had expressed their interests in providing financing to the development of the biggest port in Indonesia.
"There are many alternative strategic partners, but we will choose the ones experienced in operating ports," said Lino.
President director of Pelindo II Richard Jose Lino said the projection was based on the construction of a new pier in the southern part of the port through the reclamation of a 246-hectare coastal area.
"We will make the groundbreaking by the yearend, so that the three-stage project can start earlier," he said.
At the first stage, he continued, Pelindo II would reclaim a kilometer long coastal area, covering 96 hectares, which was estimated to be finished by 2013.
After that, Pelindo II would add a one kilometer long pier by reclaiming 60 hectares of a coastal area, which would be finished by 2015.
At the third or last stage, added Lino, Pelindo II would develop a 1.5 kilometer long pier by reclaiming 90 hectares of coastal areas, which was expected to be finished by 2018.
"Following the capacity increase, big-size Suezmax post panamax vessels, which can carry more than 5,000 TEUs, can dock at Tanjung Priok port," he said.
Lino explained the company would join hands with strategic partners to provide 50 percent of the financing, while the rest would be prepared by Pelindo II from its equities.
So far, he added, some domestic as well as foreign investors had expressed their interests in providing financing to the development of the biggest port in Indonesia.
"There are many alternative strategic partners, but we will choose the ones experienced in operating ports," said Lino.