27117 - JICT

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Summary of Proposed Investment

Project Number

27117

Company Name

JAKARTA INTERNATIONAL CONTAINER TERMINAL, PT

Date SPI Disclosed

Oct 9, 2009

Country

Indonesia

Industry

Infrastructure

Projected Board Date

Nov 9, 2009

Status

Completed

Sector

Port and Harbor Operations

Date Revised SPI Disclosed

Oct 13, 2009

Department

Regional Industry - INF Asia & Pac

Environmental Category

B - Limited

Previous Events

Approved : Nov 26, 2009
Signed : Dec 10, 2009
Invested : Jan 14, 2010

Project Description

PT Jakarta International Container Terminal (“JICT” or “Company”), located in the port of Tanjung Priok, is the largest container terminal in Indonesia and handled almost 2 million Twenty-Foot Equivalent Units (“TEUs”) in 2008. The proposed project includes (i) developing approximately 32 hectares of container yard, roads, parking and an administrative facility; (ii) acquiring new container handling equipment for the quay and the container yard; and (iii) constructing up to 24 entry gates and about 2 km of access roads. The capital investments will increase JICT facility capacity to 3 million TEUs annually, improve operating efficiency, and address existing congestion problems. This will help develop an efficient and sustainable transport system for the country and improve the country’s port infrastructure to facilitate Indonesia’s long term international trade growth and reduce handling costs.

Sponsor / Cost / Location

Product Line	IFC Investment (million USD)
Risk Management
Guarantee
Loan	30.0
Equity

Development Impact

The project will help strengthen the port sector in Indonesia by increasing container handling capacity and improving efficiency levels at JICT. The increased capacity at JICT will help ease congestion otherwise expected in the near future as traffic at the container terminal reaches capacity. The accompanying improvements in service levels will benefit port users including shipping lines, exporters, and importers. The project will also create direct and indirect employment opportunities and increase revenues for the Government of Indonesia through higher tax payments and royalty and lease payments.

IFC will be providing long-term financing at a maturity necessary for the project’s completion but unavailable in the commercial market. IFC’s involvement will also help send a positive signal to other lenders and improve the terms of the financing for the project. IFC’s support is increasingly important during the current scenario of global economic crisis. In this case, IFC is not only supporting private sector led growth in infrastructure, but also playing a counter cyclical role in promoting foreign direct investment in a less than optimal environment.

This is a Category B project according to IFC’s Procedure for Environmental and Social Review of Projects because a limited number of specific environmental and social impacts may result, which can be avoided or mitigated by adhering to generally recognized performance standards, guidelines or design criteria. The Project is designed to meet both Indonesian environmental standards and IFC Performance Standards on Social and Environmental Sustainability. For further information please see the Environmental and Social Review Summary (ESRS).

Contacts

For Inquiries About the Project, Contact

Mr. Derek Pierson President Director Jakarta International Container Terminal Jl. Sulawesi Ujung No.1, Tanjung Priok Jakarta 14310 Tel: +62 21 4390 5111 Ext.1121-23 Fax: +62 21 4390 2446 Email: ca@jict.co.id

For Inquiries and Comments About IFC, Contact

General IFC Inquiries IFC Corporate Relations 2121 Pennsylvania Avenue, NW Washington DC 20433 Telephone: 202-473-3800 Fax: 202-974-4384E Mail: Webmaster

Local Access of Project Documentation

Corporate Affairs Department Jakarta International Container Terminal Jl. Sulawesi Ujung No.1, Tanjung Priok Jakarta 14310 Tel: +62 21 4390 5111 Ext.1121-23 Fax: +62 21 4390 2446 Email: ca@jict.co.id

This Summary of Proposed Investment is prepared and distributed to the public in advance of the IFC Board of Directors' consideration of the proposed transaction. It is not an offer of shares to the public and is intended solely to enhance the transparency of IFC’s activities. This document should not be construed as presuming the outcome of the Board decision. Board dates are estimates only. The following SPI is disclosed in accordance with IFC’s Policy on Disclosure of Information that went into effect April 30, 2006.

The map is for illustrative purposes and does not imply the expression of any opinion on the part of the World Bank, concerning the legal status of any country or territory or concerning the delimitation of frontiers or boundaries. Country borders or names do not necessarily reflect the World Bank Group's official position. In some cases, available project location information is limited to the country of the project's activities. Locations are approximate.

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