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Patimban Port Project to Start This Month

by Jonathan Cohen Monday, August 6, 2018 - 14:37

JAKARTA - The government is ready to build Patimban Port in Subang Regency, West Java. Along with the commencement of construction this August, the creditor of Japan International Cooperation Agency (JICA) will disburse a portion of the loan.

In the Patimban project, local contractors earn 30% portion of the first phase withdrawal or down payment worth Rp900 billion. Local contractors who participate in this project are PT Wijaya Karya Tbk (WIKA) and PT PP Tbk (PTPP).

Puspita Anggraeni, Corporate Secretary WIKA, said that from the down payment withdrew by JICA, the local contractors will get Rp270 billion. “The local portion is 30% from the down payment,” she said, as reported by KONTAN, Monday (6/8).

The contractor consortium for Port Patimban project consists of 5 companies. Besides the 2 local companies, the other 3 are from Japan which are Penta Ocean Construction, Toa Corporation, and Rinkai Nissan Construction. Those 3 companies earn 70% of the project.

Puspita said, for the first stage of phase 1 of the Patimban project, the contractors will start working on sea pile, port structure, stone dike, sand filling, pavement (concrete & asphalt), port road, building, and utility. The phase 1 of the construction needs Rp 9 trillion of investment. The details are Rp6 trillion for stage I, Rp1,8 trillion for stage II, and Rp1,2 trillion for stage III.

According to Puspita, the construction held by WIKA is still on stage I of phase 1. “Now, only the stage I that has been tendered with contract value equivalent to Rp6,06 trillion, including value-added tax and local portion of 30% from the total project value,” she explained.

The operator for Patimban Port has yet to be decided since the project will be auctioned next month which targeted to be held on September 2018. Overall, the Patimban Port project worth Rp43,20 trillion of total investment value will be finished in 2027 within 3 phases. The first phase includes 3 work packages that are scheduled to be finished in 2020.

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