Indonesia launches massive port expansion

The country is seeking $7 billion from foreign investors to upgrade its ports network, potentially a lucrative opportunity.

Indonesia, the world’s largest archipelago with more than 15,000 islands, is in the midst of a sea change.

Southeast Asia’s largest economy has an unprecedented plan to upgrade its ports network, which is buckling under the weight of increased traffic, bureaucracy and infrastructure issues.

The scheme, which involves modernising existing ports and building a raft of new ones, is being led by the government but the private sector and foreign investors are being courted too.

“The expansion of Indonesia’s ports is extremely important, not just for the connectivity of Indonesia’s islands but also to bring down logistical costs and raise competitiveness,” Sarvesh Suri, Indonesia...

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