The development of a new container terminal in Gresik, East Java, is well under way and on track to be operational by the end of this year. A partnership known as DP World Maspion East Java will become the operator of a modern international container port with design capacity of up to three million TEUs (twenty-foot equivalent units).
DP World will work with Maspion Group to develop an integrated industrial and logistics park, adjacent to the Container Terminal, with an initial land area of 110 hectares with scope for future expansion. The vision is for it to serve as a hub for international shipping.
Commercial operations will begin in 2023. The project develops East Java’s infrastructure as part of President Joko Widodo’s vision to accelerate economic growth through his Indonesia Golden Generation 2045 strategy.
Work on the international container port and industrial logistics park in Gresik began in late 2021, with a total investment of up to USD 1.2 billion, enhancing East Java’s position as a key trade gateway for Indonesia.
DP World previously operated the PT Terminal Petikemas Surabaya (TPS) terminal in Surabaya, also in East Java, a concession it acquired with the purchase of P&O Ports, however, it did not renew the agreement to continue operating the terminal when the deal expired in 2019.
“The partnership with Maspion Group is an important development in our global ports and logistics network. Indonesia is rapidly developing as one of the world’s most important economies. This project will create a modern, efficient infrastructure, as well as an industrial zone that provides quality logistics,” said Sultan Ahmed Bin Sulayem, Group Chairman and CEO of DP World.
Dr. Alim Markus, chairman and CEO of Maspion Group, noted that “Maspion Group is committed to supporting Indonesia’s sustainable economic development to be aligned with President Jokowi’s grand plan to make Indonesia the fifth largest economy in the world.”
He said Surabaya is an important gateway in Indonesia and the existence of this Container Port will further enhance economic development and investment opportunities in Indonesia.
For our related article on Terminals and Stevedores, click HERE.
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