Investment Value | : | IDR 30 Trillion |
Funding Scheme | : | State-owned enterprice |
Location | : | Kuala Tanjung, North Sumatera |
Project Owner | : | Ministry of Transportation |
Construction Commencement Plan | : | 2015 |
Commercial Operation Date | : | 2018 |
Project Status | : | contruction and will be operation in 2018 |
Project Description
The Kuala Tanjung international hub port aims to create an entrance for logistic flow to the western region of Indonesia. Based on the assessment result conducted by the Ministry of Transportation in 2015, the development of this seaport will increase the volume of container traffic up to 12.4 million TEUs in 2039.
The increased volume of container traffic comes from the demand from Sei Mangkei Special Economic Zone (SEZ) to Jambi Province, and the seaport is projected to obtain additional demand from four competitors, namely Port of Singapore, Port of Tanjung Pelepas, Port Klang, and Penang Port.
Project Significance
It is expected that with this international hub, Indonesia may benefit from seaport demands that have long been enjoyed by Singapore and Malaysia. Based on the 2012 Kuala Tanjung Port Plan, the construction of this seaport will accommodate cargos to support the development of the Sei Mangkei SEZ and the Port of Belawan.