Jakarta (ANTARA News) - Three state-owned banks will provide a loan facility amounting to Rp5.12 trillion for state-owned seaport operator PT Pelindo I to finance four projects until 2014, the port company director said.

"The four projects are included in the Master Plan for the Acceleration and Expansion of Indonesia`s Economic Development (MP3EI)," PT Pelindo I Commercial Director, Bambang E Cahyana, said here on Monday.

The four projects include the construction of crude palm oil (CPO) seaports of Dumai and Kuala Tanjung and container terminals in Belawan and Kuala Tanjung.

"The investment for all the projects totals about Rp6.4 trillion. About 80 percent (Rp5.12 trillion) of the funds are provided by a state-owned bank consortium of Bank Mandiri, Bank BNI and Bank BRI. The remaining Rp1.28 trillion funds will be taken from the firm`s internal sources," Bambang said.
(A014)

Editor: Ella Syafputri
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