JAKARTA (Yosefardi) – State port operator PT Pelabuhan Indonesia (Pelindo) III has obtained US$121 million loan, equivalent Rp1.2 trillion from Credit Suisse and Deutsche Bank London Branch.
The loan will be used for financing the supply of 10 units of ship to shore cranes and 20 units of automated stacking crane, to be operated in Lamong Bay terminal, Surabaya, East Java.
The loan, made under export credit agency scheme through Finnvera insurance company from Finlandia, has tenor of 7 years and carries interest rate of 1.39%.
Pelindo III had also signed agreement for the purchase of supporting equipments for port operation worth US$68.2 million, equivalent Rp787 billion, with China-based Dalian Huarui Heavy International Co Ltd.
The company also mulls to issue bond worth Rp1 trillion in mid next year, to fund its projects. The company allocates capital expenditure (capex) of Rp1 trillion for next year.