CONSTRUCTION INVESTMENT The government plans to accelerate the construction of Cilamaya Port in West Java, to the end of next year from the initial schedule of 2020 to ease the flow of goods. The Rp 15 trillion (US$1.3 billion) construction of the international port will be jointly carried out with Japan under a public-private partnership (PPP) scheme, involving a local administration and private investors, notably Japanese firms, according to Industry Minister MS Hidayat. The arrangement would follow a build-operate-transfer process, in which private investors would build the project, operate it and transfer its ownership to the government, he said on Thursday. “We will ensure they have the right to manage the port and later will return it to the government,” Hidayat said in a press conference on pending issues to be solved by the incumbent government. The port, which will take up 2,000 hectares of land in Karawang regency, will facilitate the movement of goods from industrial estates in surrounding areas that house most automotive, electronics, machinery and information technology manufacturers, according to Hidayat.
Posted on: Fri, 25 Jul 2014 13:00:29 +0000
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