Asia Pulse
JICT TO INVEST US$166 MLN TO EXPAND JAKARTA CONTAINER TERMINAL
Monday July 21, 05:23 PM
JAKARTA, July 21 Asia Pulse - PT Jakarta International Container Terminal (JICT) said it will invest US$166 million to expand its terminal to be able to handle up to 3 million TEUs of container in 2011.
JICT President Derek Pierson said US$100 million of the investment will be for terminal infrastructure - expansion of piling square and parking place and installation of on line service systems.
The remaining US$66 million will be used to buy more loading and unloading equipment for the quay, Pierson said.
With the expansion, JICT predicted a annual 7 per cent-8 per cent increase in flows of goods in containers, the newspaper Bisnis Indonesia said.
This year the company, which is 51 per cent owned by Hong Kong-based Hutchison Port Holdings and 49 per cent by state-owned port operator Pelindo II, hopes to handle up to 2 million TEUs of containers.
(ANTARA)
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