The Company Owned By The Conglomerate Agus Lasmono Sudwikatmono Hopes To Get Big Profits From The Management Of Patimban Port

JAKARTA - A subsidiary of PT Indika Energy Tbk (INDY) has officially become part of the consortium managing Patimban Port, West Java. This mining company hopes to improve the performance of this business diversification.

Indika Energy Corporate Secretary Adi Pramono said, on March 17, 2021, a Public Private Partnership Agreement (PPP) was signed between the Director General of Sea Transportation and PT Pelabuhan Patimban Internasional (PPI).

"PPI is a joint consortium between PT CT Corp Infrastruktur Indonesia, PT Indika Logistic & Support Services (ILSS), as a controlled subsidiary of the Company, PT U Connectivity Services and PT Terminal Petikemas Surabaya, as the consortium for the implementation of the Procurement Results for Patimban Port PPP Project Implementing Corporation. in West Java on December 29, 2020, "Adi Pramono said as quoted from the information disclosure page of the Indonesia Stock Exchange (IDX), Wednesday, March 24.

After this PPP agreement becomes effective, PPI officially becomes the operator that will manage the Patimban Port and is expected to provide excellent service and be able to manage the port as efficiently as possible and contribute significantly to reducing national logistics costs.

"The participation of ILSS as a member of the Patimban Consortium is one of the diversification strategies undertaken by the group of companies and, in particular, to improve ILSS performance," Adi Pramono added.

The Patimban Consortium consists of PT CTCorp Infrastruktur Indonesia, PT Indika Logistic & Support Services, PT U Connectivity Services, and PT Terminal Petikemas Surabaya) which have formed a Port Business Entity (BUP) PT Pelabuhan Patimban Internasional as the BUP Implementing PPP Project as well as a Working Partner. Same with Patimban Port Infrastructure Provision, West Java Province.

For information, PT CTCorp Infrastruktur is owned by the conglomerate Chairul Tanjung, the 9th richest person in Indonesia. Meanwhile, Indika Logistic is owned by the conglomerate Agus Lasmono Sudwikatmono, the 69th richest man in the country.

The scope of the PPP Agreement is the provision of superstructure at Patimban Port for a container terminal capacity of 3.75 million TEUs and a vehicle terminal capacity of 600,000 CBUs with a cooperation period of 40 years.