Posted on March 14, 2016
By Farida Susanty, Jakarta Post
The Indonesian government and its Japanese counterpart are discussing how to finance the new deep-sea port project in Patimban, Subang, West Java. The new port will replace the scrapped Cilamaya port project.
Following the cancellation of the Cilamaya port project, the Indonesian government offered the Japanese government the option to take out the largest share of a US$2.49 billion private loan.
The interest rate on the loan is 0.25 percent and spans 40 years, including a grace period of 10 years. The total cost of the project is estimated to reach $3.09 billion and the Indonesian government has proposed to cover the remaining $600 million.
READ FULL ARTICLE HERE
