"We plan to prepare the bonds this year. The value of the bonds will be above Rp2 trillion," Pelindo II President Director RJ Lino said here Monday.
"We hope the bonds would receive good market responses," he said.
The company originally planned to issue the bonds last year. However, the plan failed to materialize due to the absence of a presidential regulation mandating the construction of New Priok Port or Kalibaru Port.
The presidential regulation was only issued on April 5, 2011, allowing Pelindo II to build the port at a total cost of Rp22.66 trillion.
The first phase of the construction of the port with a capacity of 13 million TEUs is scheduled for completion in 2014. The groundbreaking for the construction of the port will take place in July 2012.
Pelindo II is in the middle of holding a tender for the construction of the port. Three state-owned construction firms have passed the pre-qualification phase. They are PT Pembanungan Perumahan (PP) Tbk, PT Waskita Karya Persero, and PT Wijaya Karya Tbk. (*)
Editor: Kunto Wibisono
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