Indonesia aims to build three new ports
A US$1bn bond offering next year will finance the construction of three new ports in Indonesia by 2017, the state-owned port operator has announced.
The hattrick of ports are planned for Tanjung Api-Api in South Sumatra, Sorong in West Papau and West Kalimantan according to port operator Pelindo II president Richard Joost Lino.
He said that the bonds will be offered in April, with construction due to begin in the third quarter of 2015 and a projected completion date of 2017. The ports in West Kalimantan and Sorong are expected to cost in the region of US$284m, while the rest of the funds going towards the larger port in Tanjung Api-Api.
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