Pelindo IV to issue bonds worth Rp5 trillion to support MNP project

Pelindo IV to issue bonds of Rp5 trillion to support MNP project
Pelindo IV to issue bonds of Rp5 trillion to support MNP project

PT Pelabuhan Indonesia (Pelindo) IV plans to issue bonds of Rp 5 trillion this year to finance the acceleration of the construction of the Makassar New Port (MNP) project.

MAKASSAR (infolog): President Director of Pelindo IV Doso Agung said the company plans to build MNP’s wharf for 1 km at once or change from a gradual initial plan. Meanwhile, the current development of MNP has reached 58 percent.

“For that, we are preparing a Rp 5 trillion budget planned through the issuance of bonds in 2018,” Doso said in an official statement on Thursday (18/1) as quoted by Beritasatu.com as saying.

“Makassar New Port is planned using modern container-loading equipment that can serve panamax post-size vessels. Ultimately, Pelindo IV wants to increase value to service users and lower logistics costs in ports, “continued Doso.

In addition to MNP, Doso said that Pelindo IV is also increasing the capacity of the Bitung Petrol Station which is set up as an international hub port and to build Kendari New Port.

“The development of Pelindo IV also aims to support direct call and direct exports in East Indonesia Region. In addition, corporate conditions strongly support the acceleration efforts, among them revenue of Rp1 trillion and leverage is still very loose, “added Doso.

Doso Agung said, during 2017 Pelindo IV has recorded positive performance growth.

“Earnings of Pelindo IV in 2017 increased by approximately Rp 600 billion or 1.4 times compared to the previous year (year to date),” said Doso. (tempo.co/ac)

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