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Lamong Bay Project Included in TPI Infrastructure

Surabaya - PT Pelabuhan Indonesia III has ascertained that the Rp 3.4 trillion-worth Lamong Bay Multipurpose Terminal project, which will commence operations in 2014, will become part of the facilities under the management of PT Terminal Petikemas Indonesia (TPI).

Meanwhile, TPI itself is now in the process of getting established, with its shareholders comprising four port-sector state-owned enterprises (BUMNs), namely Pelindo I - IV. Each of these will have a 25 percent equity ownership. The paid up capital has been confirmed to be Rp 300 billion, out of the company’s authorised capital of Rp 1 trillion.

President Director of PT Pelindo III, Djarwo Surjanto, admitted that his party strongly supports the government's efforts to implement all the programmes within the Master Plan for the Acceleration and Expansion of Indonesia Economic Development (MP3EI), including the formation of TPI.

"Progress in the formation of TPI itself has been very positive; all Pelindo companies [I - IV] have agreed to an equal share ownership of 25 percent. The idea for ​​establishing TPI itself is to cut logistics costs in Indonesia, given that the consortium, which has adopted the concept of Main Sea Corridor, is an integral part of the grand plan of MP3EI," he told Bisnis, Tuesday (14 August).

Djarwo said that his party has prepared at least two terminals to be consolidated within TPI. "The two terminals to be included in TPI are Nilam Multipurpose Terminal and Lamong Bay Terminal, which is currently in the process of construction. Insya Allah [God willing] Lamong Bay will start operating at the beginning of 2014," he said.

BUMN Minister, Dahlan Iskan, in May 2012 put forward the idea for the formation of PT TPI, which is conceptualised to consolidate six ports that have container terminal facilities, especially for domestic freight, located in Belawan, Batam, Tanjung Priok, Tanjung Perak, Makassar and Sorong.

BUMN Ministry has established a technical team to help realise the formation of PT TPI, which is a consortium involving the four Pelindos. (k21)