Patimban Port Project

Information :

1.     The Indonesian Government and its Japanese counterpart are discussing how to finance the new deep-sea port project in Patimbang, Subang, West of Java. The new port will replace the scrapped Cimalaya Port Project.
2.     Indonesian Government offered the Japanese government the option to take out the largest share of a USD 2.49 billion private loan.
3.     The interest rate on the loan is 0.25 percent and spans 40 years, including a grace period of 10 years
4.     Total Cost estimate reach USD 3.09 billion and the Indonesia Government has proposed to cover the remaining USD 600 million
5.     Process still being negotiated until next month for the Japanese government’s final decision on the proposed plan
6.     Loan agreement expected to be signed by the end of 2016, with groundbreaking scheduled for 2017. Ideally, the port will begin its first phase of operations by 2019
7.     Feasibility Study had done by JICA which was estimated USD 2.5 to 3 million

Technical :

1.     The port will have a container capacity of 250,000 TEUs in 2019
2.     Expanded to 7.5 million TEU’s by 2037