News - Investment Costs Reach Rp43.2 Trillion, This Port Project will be Completed Until 2027, Anyone Know?

Investment Costs Reach Rp43.2 Trillion, This Port Project will be Completed Until 2027, Anyone Know?

Aug, 01 2024

Built since 2018, this National Strategic Project during the reign of President Joko Widodo (Jokowi) reached an investment cost of around IDR 43.2 trillion.

Indonesia is indeed one of the countries that has many ports, one of which is Tanjung Priok, Tanjung Perak and Soekarno-Hatta.

Now this time there is one port that is classified as having a very large land area of up to hundreds of hectares.

The port is the Patimban port located in Subang, West Java. With a budget investment of Rp43.2 trillion.

The urgency of the construction of Patimban port is to reduce the volume of shipments to Tanjung Priok port.

Because the Tanjung Priok port location is already difficult to expand again, so that with the Patimban port it is expected to reduce logistics costs between Banten, DKI Jakarta, West Java and Central Java.

It is known that the Patimban port development project, Subang, West Java phase 1-2 with an investment value of up to IDR 9.5 trillion.

Phase 1 (packages 1-4) is 35 hectares, a Container Terminal with a capacity of 250,000 TEUs. And 25 hectares of Vehicle Terminal with a capacity of 218,000 CBUs. The target has been achieved one hundred percent.

The advanced phase of Patimban port development is carried out in phases 1 and 2 from 2022 to 2024 with an investment value of Rp9.5 trillion.

This phase is divided into two packages, namely packages 5 and 6. Package 5 will build a vehicle terminal and package 6 will build a container terminal.

The port with an area of 639 hectares and a capacity of 2.74 million TEUs makes Patimban port one of the largest ports in Indonesia.

It is estimated that the construction of Patimban port will be fully completed by 2027 and its capacity will increase to 7.5 million TEUs.

This is the information about Patimban port, one of the National Strategic Projects (PSN) with an investment cost of Rp43.2 trillion.

SOURCE

Patimban Port Targets Direct Export Shipping Routes to Europe and the United States

PT Pelabuhan Patimban Internasional (PPI) is planning to establish direct shipping services from Patimban Port to Europe and the United States as part of its strategy to strengthen the port's role as one of Indonesia's key logistics and export hubs. The initiative is currently in its early stages. PT PPI, together with Patimban Global Gateway Terminal (PGT), the terminal operator, is conducting discussions and preparing the necessary requirements before the direct shipping services can be launched. PT Pelabuhan Patimban Internasional Chief Executive Officer Fuad Rizal said the company has held discussions with PGT regarding the development of direct shipping routes from Patimban Port to Europe and the United States. According to Fuad, the initiative is expected to enhance Patimban Port's competitiveness and strengthen its contribution to supporting Indonesia's export activities. However, he emphasized that several preparations must be completed before the service can be implemented. Fuad explained that PT PPI continues to collaborate with various stakeholders to develop Patimban Port into Indonesia's flagship port. He expressed hope that cooperation among the central government, regional governments, private sector partners, and supporting agencies within the port ecosystem—including customs, immigration, and quarantine authorities—will continue to be strengthened. Such collaboration is considered essential to advancing Patimban Port as a major logistics and international trade hub. In addition to expanding export services, Patimban Port is intended to complement the role of Tanjung Priok Port, which currently handles a high volume of shipping activities. Patimban Port is expected to become one of the key drivers of Indonesia's economic growth, particularly by supporting industrial activities in West Java and East Java, two of the country's most important manufacturing and export regions. With continuous improvements to its port infrastructure, the distribution of goods to international markets is expected to become more efficient. Fuad reiterated that the direct shipping services to Europe and the United States are not expected to commence in the near future, as several key aspects still need to be addressed. One of the primary requirements is ensuring that export volumes from cargo owners and business operators are sufficient to support commercially viable direct shipping services. In addition, close coordination and cooperation among all relevant stakeholders will remain a crucial part of the preparation process before the new export routes can be officially introduced. [SOURCE]

Jul, 09 2026

Bey Optimistic New Walahar Bridge Will Further Support Community Economy

Karawang, West Java (ANTARA) - Acting Governor of West Java Bey Triadi Machmudin is optimistic that the new Walahar Bridge which was inaugurated and is located in Kutapohaci Village, Klari District, Karawang Regency, Wednesday, will further support the community's economy. The reason is, said Bey, this bridge connects two districts in Karawang Regency, namely Ciampel and Klari which are on the border with Purwakarta Regency and helps accessibility for the community, the majority of whom work as traders. "The Walahar Bridge which was just inaugurated is proof of the government's presence in serving and providing convenience for connectivity and access to the community which has implications for the community's economy," said Bey in Karawang. Because, with increased accessibility and connectivity in the region, this new Walahar Bridge will support the improvement of the economy of the surrounding community. "The community really appreciates this bridge. Of course, from an economic perspective, it will make it easier for those who are trying (to trade), and also increase market coverage," he said. The new Walahar Bridge itself was built through a West Java Province financial assistance scheme worth around IDR 52 billion. The new Walahar Bridge is a type of concrete bridge with a width of seven meters with two lanes of vehicles, two directions and a length of 130 meters with three spans. In addition to being a connection between Ciampel District and the Purwakarta Regency border, the new Walahar Bridge can also support tourism access and the South Japek Toll Road and overcome frequent congestion. Previously, the community used the Walahar Dam Service Bridge which was built in 1925 with a width of only three meters. For that, Bey instructed the Karawang Regency Government to follow up on the construction of the new Walahar Bridge with road development so that congestion can be resolved. "The development by the local government related to the narrowing of the road will be widened so that congestion does not occur," he said. (SOURCE)

Mar, 12 2025

Optimistic that Investment Reaches IDR 1,650 Trillion, Can Control 61 Percent of Freeport Shares

DAILY DISWAY - Minister of Investment/Head of the Investment Coordinating Board Bahlil Lahadalia is confident that the 2024 presidential election will be held in one round. That's why he also believes that the conducive political situation will enable Indonesian investment this year to reach the target of IDR 1,650 trillion. So, Indonesia can achieve economic growth of above 5 percent. "Hopefully what the KPU decides can only last one round. "Because we see that the difference is very large, but we are waiting for the KPU's decision," said Bahlil at the 2024 Post-Election Investment Prospects press conference at his office, Monday, March 18 2024. Of the total investment target, Bahlil detailed that Foreign Direct Investment (PMA) remains the same as last year. Namely a minimum of 52 percent. This is because the global economy has not yet recovered and stabilized. Moreover, the current geopolitical situation is still characterized by tension in the Middle East. Also Ukraine and Russia where there are still no signs of recovery. So, many countries are already experiencing a recession. Bahlil reported that investment realization from January to December 2023 reached IDR 1,418.9 trillion. This figure was recorded as 101.3 percent of the target set at IDR 1,400 trillion. The investment realization achievement consisted of PMA of IDR 744 trillion or 52.4 percent of the target. Then, another 47.6 percent was Domestic Investment (PMDN) or IDR 674.9 trillion. And the largest investment realization occurred outside Java with achievements reaching IDR 730.8 trillion or 51.5 percent of the target. Meanwhile, realization on the island of Java was recorded at 48.5 percent or reaching IDR 688.1 trillion. Of this total investment, it has absorbed 1.8 million Indonesian Workers (TKI). Bahlil also resolved stalled investments. Namely IDR 558.7 trillion or around 78.9 percent of the total IDR 708 trillion. The remaining amount, amounting to IDR 149.3 trillion, said Bahlil, was difficult to complete due to a number of obstacles."We can no longer make improvements. This is because it can no longer be executed, due to the companies experiencing internal difficulties," he said. Furthermore, he explained various positive developments in the realization of other investments. Among them is the PT Lotte Chemical Indonesia factory in Cilegon with an investment of IDR 59.4 trillion. This investment is the result of completion of stalled investment since 2016. Now the progress of investment realization has reached 85 percent. It is estimated that production will start this year. The resulting products will be import substitutes. The composition is 70 percent for domestic needs and 30 percent for exports. Bahlil then emphasized that his party was accelerating the revision of Government Regulation (PP) number 96 of 2021 concerning the Implementation of Mineral and Coal Mining Business Activities. If the regulations are complete, Bahlil said, the government will increase its shares in PT Freeport Indonesia (PTFI) by 10%. From the previous 51% to 61%. The revision of PP 96 was brought to a Limited Meeting (Ratas) with the President of the Republic of Indonesia Joko Widodo some time ago. With this revision, said Bahlil, there will be adjustments and acceleration in the framework of sustainable investment. "If that happens and the potential for additional Freeport shares in Indonesia becomes 61 percent, it means that Freeport no longer belongs to someone else, but already belongs to us," he said. Under the current regulations, a new contract extension can be submitted no sooner than 5 years before the contract ends. And no later than 1 year before the contract ends. "We changed it because it is integrated with the smelter," he explained. Apart from that reason, specifically for PT Freeport Indonesia (PTFI), for example, applications for contract extensions can be made immediately. Remembering that there must be certainty regarding investment. Especially for carrying out production at the company's mines. "In 2035, Freeport's production will start to decline, while we will explore underground for at least 10 years," continued Bahlil. So, he said, if we start thinking about extending it until 2035, there will be a vacuum of approximately 5-10 years. (SOURCE)

Mar, 21 2024

Affirmate Group Invests in BOT Finance, Bumiputera Identity Officially Removed

KONTAN.CO.ID – Affirmate Group, a business consulting and investment services firm in Indonesia, has expanded its investment portfolio into the financial services sector. In early March, the advisory arm of PT Affirmate Bisnis Nusantara (ABN) finalized its investment in PT BOT Finance Indonesia. The transaction was completed after obtaining approval from the Financial Services Authority (OJK) at the end of January 2026. Through this investment, Affirmate Bisnis Nusantara now holds a 5.6% stake in BOT Finance. The majority stake remains owned by MUFG Finance and Leasing Co Ltd (85%), followed by Yayasan Pendidikan Keluarga Wiryoprawiro (9.4%). This investment reflects ABN’s strong commitment and strategic initiative to build a sustainable business collaboration platform between Indonesia and Japan. Going forward, the investment is expected to further strengthen bilateral cooperation in the financial services sector, support corporate growth, and expand cross-border investment opportunities. “This investment is expected to drive business growth and enhance positive performance amid increasingly challenging conditions,” said Yukifri Nazir, CEO of Affirmate Bisnis Nusantara, in an official statement on Monday (March 2). By way of overview, BOT Finance offers a wide range of services, including investment financing, working capital financing, multipurpose financing, and operating leases. In 2025, BOT Finance’s asset portfolio consisted of vehicle financing (43%), heavy equipment (35%), and machinery (22%). According to its 2024 sustainability report, BOT Finance disbursed Rp 1.03 trillion in new financing. BOT Finance is considered one of the oldest Japanese leasing companies in Indonesia. Established in 1982 under the name Bumiputera-BOT Finance, it was a joint venture between insurance company AJB Bumiputera 1912 and BOT Lease (which changed its name to MUFG Finance and Leasing Co Ltd in October 2025). In 2024, its shareholder composition was AJB Bumiputera (30%), BOT Lease (MUFG FL) (60%), and Yayasan Pendidikan Keluarga Wiryoprawiro (10%). However, in July 2024, OJK approved the removal of the “Bumiputera” name, allowing the company to operate under the name BOT Finance. Following Affirmate’s entry as a minority shareholder, in February 2026 Bumiputera divested its entire stake by selling all its shares to MUFG Finance and Leasing Co Ltd. Meanwhile, Affirmate Group, established in 2019, has built its track record through partnerships with business leaders, corporations, and financial institutions from Indonesia and Japan. ABN supports cross-border business growth and investment between the two countries, serving more than 50 corporate clients. One of Affirmate’s milestones was acting as business advisor to PT Solusi Sinergi Digital Tbk (WIFI), where it played a role in introducing NTT East as a strategic investor. NTT East entered in the second half of 2025 with an investment commitment of Rp 4 trillion. [Source]

Mar, 03 2026

Various Leading Agribusiness Commodities Projected to Boost Investment in South West Java

REPUBLIKA.CO.ID, BANDUNG--- West Java Province (Jabar) is still a favorite investment destination in Indonesia. Not only the manufacturing, textile and infrastructure sectors, but also the agribusiness sector. Because, if you look at the geographical location, the southern part of West Java is a suitable area for agribusiness development. The area which is now called Arumanis has unique natural resources and is more varied than other areas in West Java. According to the Head of the West Java Province Integrated Investment and Licensing Service (DPMPTSP), Nining Yulistiani, the West Java Provincial Government (Pemprov) has divided development in Arumanis into three themes or clusters. For the agribusiness sector there are Ciamis, Cianjur and Garut. Then, he said, for fisheries and marine affairs there are Pangandaran, Sukabumi, Cianjur, Garut and Tasikmalaya. Then Tourism in Pangandaran and Sukabumi. The Arumanis region, which consists of Sukabumi, Cianjur, Garut, Tasikmalaya, Ciamis and Pangandaran regencies, is considered a suitable area for the agribusiness sector. Because the morphology of this area is rich in plantation land and mountains. The commodities produced also vary. "We are optimistic that we will be able to achieve the investment target in 2024," Nining told reporters this weekend. According to Nining, his party is optimistic that this year's investment target will be achieved, because in 2023 West Java investment realization will reach IDR 210.6 trillion, above the target given of IDR 188 trillion. Moreover, the Arumanis area and the Rebana area in the northern part of West Java have both experienced an increase in the last few years. From 2021 to 2023, total investment in the Rebana Metropolitan area will reach IDR 50.11 trillion. Meanwhile in the Arumanis area it is valued at IDR 27.3 trillion. "West Java has huge investment potential for the agribusiness sector, especially in the Southern West Java region," he said. What's more, he said, according to Presidential Regulation No. 87 of 2021, the Southern part of West Java is directed at developing investment in the agribusiness, maritime or fisheries and tourism sectors. Based on data released by the West Java Provincial Government, until 2022, this is a commodity that can be optimized for investment in the agribusiness sector in southern West Java. Namely, Palm Sugar (Tasikmalaya and Cianjur) with a land area of 14 thousand hectares and production of 38.5 thousand tons/year, Chocolate Beans (Garut and Ciamis) 239 thousand tons/year, Rubber (Pangandaran and Sukabumi) 353 thousand tons/year, Coffee (Garut, Pangandaran), Coconut (Garut, Pangandaran, Tasikmalaya) land area reaches 154.4 thousand hectares and production is 22 thousand tons/year, Corn (Garut and Cianjur), Mangosteen (Pangandaran, Ciamis, Sukabumi, Garut) and Rice organic (Ciamis, Pangandaran). (SOURCE)

Apr, 01 2024

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