Astra Infra focused on Patimban port project

Astra Infra focused on Patimban port project
Astra Infra focused on Patimban port project

Port project of Patimban is the main focus of Astra Infra this year outside the toll road project.

“Our focus is only in Port Patimban this year for non-toll road projects, and there is no other plan yet, and we are very serious in targeting the Port,” said Rahmat Samulo, Director of Astra Infra at Kontan.co.id, Wednesday (7/2).

Samulo said, his side continue to prepare themselves while waiting for the announcement from the government related to the certainty of the tender and the development process of Port Patimban.

One of the preparations is to explore with local and foreign investors to jointly form a consortium.

This is done because according to information received by the company from the Ministry of Transportation, Patimban Port development mechanism will be conducted through the tender.

However, Samulo did not mention how many investors are already committed to join the consortium of Astra Infra targeting the port operator’s tender.

“From the information we have received, so far we have started to study even though not yet 100%, but at least from the information available, we have prepared so that we do not need the initial preparation again when the announcement from the government came out,” explained Samulo.

Samulo did not mention how many capex will be budgeted by Astra Infra this year. Because the capital expenditure will depend on the project to be gained company.

Japan signs $1 bn loan for Patimban port, Astra Infra is after ops tender
Japan signs $1 bn loan for Patimban port, Astra Infra is after ops tender

But he said the funding for the Port of Patimban project had been anticipated to have been anticipated.

In the toll road business, Astra Infra will also continue its expansion to pursue the target of having 500 kilometers of toll roads by 2020.

As for water business, Astra Infra does not plan to expand after releasing its stake in Palyja last year. (ac)

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