Japan and Indonesia Sign $ 1 Billion Loan Agreement to Build Large Ports
- Author:James
- Source:Hong Kong shipping
- Release Date:2017-11-17
Indonesia and Japan recently signed a $ 1.05 billion loan agreement to support the construction of Patimban, a large Indonesian port, which will facilitate the construction of the port in early 2018.
The 40-year loan accounts for about 83% of the total construction cost of port 1. Japan's Kozaki, Indonesia's ambassador, said the loan agreement is binding on Indonesia and Japan has all rights to do with port construction except for 49% The conditions, requirements and procurement activities must be approved by Japan.
Kozo also mentioned that since the Indonesian government had expressed the hope that the Japanese side will use Japanese technology to build a port, this means that Japan has the right to recommend Japanese enterprises to participate in the bidding. Japan's loans do not include taxes and land acquisition fees.
At present, the two sides are negotiating the port right of operation issues, but no agreement has yet been reached, and Indonesian Minister of Communications Budi Budi said that the port of Bintulu will become the largest container hub port in Southeast Asia together with Tanjung Pinang, the busiest trade port in Indonesia, becoming Singapore's An important alternative to the port, Indonesia's cargo ship is still largely dependent on Singapore's ports.
It is learned that the construction of Bintang Harbor is listed as one of Indonesia's national strategic projects and is expected to start operation in early 2018 with a planned total throughput of 15 million TEUs in Phase I and 7500 TEUs in Phase 2. The total port throughput will reach Half of Indonesia's largest tanjung not busy Hong Kong.
The 40-year loan accounts for about 83% of the total construction cost of port 1. Japan's Kozaki, Indonesia's ambassador, said the loan agreement is binding on Indonesia and Japan has all rights to do with port construction except for 49% The conditions, requirements and procurement activities must be approved by Japan.
Kozo also mentioned that since the Indonesian government had expressed the hope that the Japanese side will use Japanese technology to build a port, this means that Japan has the right to recommend Japanese enterprises to participate in the bidding. Japan's loans do not include taxes and land acquisition fees.
At present, the two sides are negotiating the port right of operation issues, but no agreement has yet been reached, and Indonesian Minister of Communications Budi Budi said that the port of Bintulu will become the largest container hub port in Southeast Asia together with Tanjung Pinang, the busiest trade port in Indonesia, becoming Singapore's An important alternative to the port, Indonesia's cargo ship is still largely dependent on Singapore's ports.
It is learned that the construction of Bintang Harbor is listed as one of Indonesia's national strategic projects and is expected to start operation in early 2018 with a planned total throughput of 15 million TEUs in Phase I and 7500 TEUs in Phase 2. The total port throughput will reach Half of Indonesia's largest tanjung not busy Hong Kong.