Monday, 28 July 2008

Port investment limited only for terminal

The government limits the port investment by only offering the development and management of the terminal. Directorate General of Sea Transportation of the Ministry of Transportation, Effendy Batubara, said that this limitation is also valid to the shareholder by foreign investor at national port companies, with maximum amount 49%. According to regulation No. 17/2008 about shipping, the new investment is focusing to the management of new terminal. (Bisnis Indonesia,May 30, p. 1)

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