Ground broken on largest port complex in Indonesia

Friday, March 22, 2013

Indonesia President Susilo Bambang Yudhoyono broke ground Thursday on the nation’s largest port development, a project designed to allow Indonesia to accommodate the world’s largest containerships by 2018. The Kalibaru Project, or New Priok, includes an initial investment of $2.5 billion by the country’s largest port operator, IPC, at the port of Tanjung Priok. The investment is part of a national plan to increase trade by strengthening connectivity between key ports in east and we...

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