REPUBLIKA.CO.ID, JAKARTA -- Publicly traded state lender PT Bank Negara Indonesia (BNI) and two other state banks will finance the construction of the Kuala Tanjung port, North Sumatra.

The three state banks would contribute 70 percent to the total cost of Rp3.176 trillion to build the multipurpose port.

Construction of the port will start in May 2015 to be completed in two years by contractor PT Prima Multi Terminal (PMT).

PT Prima Multi Terminal is a joint venture between state owned port operator PT Pelindo I, and two state-owned construction companies PT Pembangunan Perumahan and PT. Waskita Karya.