REPUBLIKA.CO.ID, JAKARTA -- Port operator PT Pelindo I is set to develop the Kuala Tanjung Seaport in North Sumatra in four planned stages, with a total investment of some Rp17 trillion, by 2019

"The development of the Kuala Tanjung Seaport is in line with the maritime axis program launched by the government, which includes the development of a sea toll road as well," President Director of Pelindo I Bambang Eka Cahyana said on Wednesday.

In the initial stages of the project to be started this year, the company will allocate some US$400 million, which is around Rp4.9 trillion, he stated.

Cahyana added that most of the funds will be utilized in the first stage of the plan, which includes the establishment of multi-purpose terminals for bulk containers and shipments of palm oil.

The first stage of the Kuala Tanjung Seaport project will be completed in 16 to 18 months. In this period, a 400-meter-long pier, utilities and equipment will be set up, and information technology installations will be made.

According to Cahyana, the second stage of the venture will include the development of a 10-hectare stacking yard and a 1,000-hectare industrial zone.

While improving transshipment activities, such as loading and unloading, from Kuala Tanjung to other ports in the world will be part of the third stage, the president director explained that the fourth stage will include transforming Kuala Tanjung into a city port.

Once all the four stages are completed in 2019, the Kuala Tanjung Seaport will have a 3.5 million ton of wet and one million ton of dry bulk capacity terminals, a 400,000 TEUs per year container terminal, and a new 400-meter-long pier, he affirmed.

The project will be carried out by PT Prima Multi Terminal, which is a joint venture company set up by PT Pelindo I, PT Pembangunan Perumahan, and PT Waskita Karya.

While PT Pelindo I holds 55 percent of the shares in this joint venture company, PT Pembangunan Perumahan owns 35 percent and PT Waskita Karya, 15 percent.

In 2015, PT Pelindo I aims to earn some Rp2.3 trillion in revenue, around 12 percent higher than its realization last year.

In addition, the company's net profit in 2015 is projected to reach Rp605 billion, up from the Rp550 billion recorded in 2014.

Currently, PT Pelindo I operates 19 ports in the provinces of Aceh, North Sumatra, Riau, and Riau Islands.

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