PSA partners three firms to jointly construct and operate new Jakarta container terminal

PSA International has partnered three corporates to jointly participate in the construction and operation of a new container terminal at the Tanjung Priok Port of Jakarta.

The Singapore port operator said on Friday it is forming a new company, PT New Priok Container Terminal One (NPCT1), together with PT Pelabuhan Indonesia II (Persero) (IPC), Mitsui & Co, and Nippon Yusen Kabushiki Kaisha (NYK Line) to develop and operate the new terminal.

The new terminal will have an annual handling capacity of approximately 1.5 million TEUs (twenty-foot equivalent units) of containers, an overall berth length of 850 metres and a 16-metre draft upon completion, allowing the terminal to accommodate the advanced mega container vessels plying the oceans today.

Indonesia has in recent years experienced dramatic economic growth accompanied by a rapid increase in container traffic. Jakarta's Tanjung Priok Port is the most important and largest port in Indonesia, handling the majority of the country's international container traffic. To support the vibrant trade, there is an immediate need to increase the port capacity and handling capability.

Mitsui made an equity participation in the Singapore-based port development and management company Portek International in September 2011, and together they have applied Portek International's knowledge and expertise relating to port terminal modernisation and efficiency improvement for the development of port terminal projects around the world, especially in emerging countries.

Together with its partners - Mitsui, NYK Line and IPC - PSA will leverage its global expertise and experience in operating container terminals worldwide and in training skilled port professionals to develop NPCT1 into a world-class facility to support Indonesia's growing economy and facilitate the expanding maritime trade.