Agreement Signed for New Container Terminal in Jakarta
- Business & Finance
PT. Pelabuhan Indonesia II (IPC), Mitsui & Co, Ltd. (Mitsui), Nippon Yusen Kabushiki Kaisha (NYK Line) and PSA International Pte Ltd (PSA) have agreed to jointly participate in the construction and operation of a new container terminal at Tanjung Priok Port, Jakarta, Indonesia.
This new terminal will be developed and operated by the newly established project company PT New Priok Container Terminal One (NPCT1).
Jakarta’s Tanjung Priok Port is the most important and largest port in Indonesia, handling the majority of Indonesia’s international container traffic. To support the vibrant trade, there is an immediate need to increase the port capacity and handling capability.
The new terminal will have an annual handling capacity of approximately 1.5 million twenty-foot equivalent units (“TEU”s) of containers, an overall berth length of 850 meters, and a 16- meter draft upon completion, allowing the terminal to accommodate the advanced mega container vessels plying the oceans today.