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Summary of Proposed Investment

This Summary of Proposed Investment is prepared and distributed to the public in advance of the IFC Board of Directors’ consideration of the proposed transaction. Its purpose is to enhance the transparency of IFC’s activities, and this document should not be construed as presuming the outcome of the Board decision. Board dates are estimates only.

Project number 27117
Indonesia (IDA)
Sector1Port and Harbor Operations
Environmental categoryB
Date SPI disclosedOctober 9, 2009
Projected board dateNovember 9, 2009
Date revised SPI disclosedOctober 13, 2009
Previous EventsInvested: January 14, 2010
Signed: December 10, 2009
Approved: November 26, 2009
View Environmental & Social Review Summary (ESRS), click here
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  Overview     Sponsor/Cost/Location     Development Impact     Contacts     Attachments  

Project description
PT Jakarta International Container Terminal (“JICT” or “Company”), located in the port of Tanjung Priok, is the largest container terminal in Indonesia and handled almost 2 million Twenty-Foot Equivalent Units (“TEUs”) in 2008. The proposed project includes (i) developing approximately 32 hectares of container yard, roads, parking and an administrative facility; (ii) acquiring new container handling equipment for the quay and the container yard; and (iii) constructing up to 24 entry gates and about 2 km of access roads. The capital investments will increase JICT facility capacity to 3 million TEUs annually, improve operating efficiency, and address existing congestion problems. This will help develop an efficient and sustainable transport system for the country and improve the country’s port infrastructure to facilitate Indonesia’s long term international trade growth and reduce handling costs.

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