Common Contracts
1 similar Loan Agreement contracts
Ex-Ante EvaluationLoan Agreement • May 19th, 2022
The rapid economic growth in recent years in the Republic of Indonesia (hereinafter referred to as “Indonesia”) has led to an increase in the total volume of cargo. Given this situation, there are concerns regarding the country’s port congestion and logistic stagnation, with a major factor being Indonesia’s insufficient overall port capacity. In particular, the volume of cargo handled in the Jakarta Metropolitan Area has grown significantly. This is due to the fact that the area accounts for about 30% of the nation’s GDP, and accumulation of manufacturing companies and inward foreign investment is concentrated there. As the current container handling capacity of the Tanjung Priok Port (8.63 million TEUs a year; hereinafter referred to as “the Existing Port”), which processes over 90% of the Jakarta Metropolitan Area’s total volume of cargo, is likely to fail to meet the area’s container-handling demand for 2025 (forecast at 10.24 million TEUs), construction of a new port is required, e
