As part of that plan, the government needs Rp70trn to expand five major ports in North Sumatra, Jakarta, East Java, South Sulawesi and Papua to serve large vessels and build feeder lines for smaller ports.
To accomplish the tremendous infrastructure upgrade needed for this task, the plan envisions strong competition and significant investment in PPPs, with the overall investment needed until 2030 estimated at more than $46bn. The private sector is expected to fund 70% of this port development.
The 4th Annual SEA Port Expansion Summit will bring together terminal operators, port owners and authorities, government officials, shipping lines and infrastructure experts to discuss how to sustain healthy growth in the sector as well as assure efficient operations inside the ports, and therefore raise the region's ports to higher international standards and dimensions.
For more information, click here to visit the event website.