Jakarta Port to expand Tanjung Priok for $2.5 billion
Indonesia’s largest port authority is pumping in more than $2.5 billion to expand Tanjung Priok, the country’s busiest
port, which has long been constrained by a lack of berth space and an inability to serve large container vessels.
The expansion of Jakarta’s port, first built by the Dutch in 1877, comes three years after a management overhaul. The expansion is expected to help triple the port’s present annual capacity to more than 18 million TEUs — or twenty-foot equivalent units — when all phases are completed in 2023. The first phase of development, which begins in July, involves the construction of three container terminals and two petroleum product terminals. The first terminal will be completed by 2014, according to the chief executive officer of Indonesia Port Corporation (IPC), Mr Richard J. Lino, 59. Indeed, the infrastructure overhaul is driven by the need for the overburdened port to keep up with the rapidly increasing volume of growth.