A prequalification process tender to identify private bidders for the expansion of the congested port near Jakarta was scrapped in January after government ministers made it clear IPC, usually called Pelindo II, would be awarded the contract.
Phase 1 of the project will provide additional capacity of approximately 4.5 million TEUs and is scheduled to open in 2014 on 195 hectares of reclaimed land offering of 4,000 meters of quayside.
Funding allocations include $1.38 billion for new container terminal infrastructure and equipment, $730 million for a petroleum product terminal, and $305 million for toll roads, an industrial area and a power station. IPC is also seeking additional funds by forming partnerships with shipping and port operators, as well as obtaining financing from national and international lenders.
“Upon completion in 2023, New Priok will be the largest port development in Indonesia, driving the country’s growth as a global shipping hub ranked among the top 10 ports in the world,” said RJ. Lino, president director of IPC. “We will provide more efficient services, higher trade and lower transport cost.”