China, Netherlands, and Indonesia building international port together

Zhejiang Seaport Group recently signed a memorandum of understanding including terms of agreement with Rotterdam Port Indonesia and Pelindo I through a video conference, to further their cooperation on the project of Kuala Tanjung Port Industrial Park.

In his keynote speech, Indonesian Minister of Transport Budi Karya Sumadi said that the signing of this document will speed up the development of the Kuala Tanjung International Port and facilitate the economic development of the region and even the entire country.

Andre Toet, chairman of Rotterdam Port Indonesia said in his speech that this is a joint commitment of the three parties to revitalize the important cooperation in Kuala Tanjung following the signing of the agreement of intent at the end of 2019.

In his speech, Prasertillo, chairman of Pelindo I, said that this will strengthen the cooperation between this Indonesian port authority, Zhejiang Seaport Group, and Rotterdam Port, and speed up the development of the Kuala Tanjung Port and Industrial Park in terms of logistics and supply chain networks. It is believed that through this mutually beneficial cooperation, Kuala Tanjung will become a new economic gateway for ASEAN and an important hub connecting Eurasian trade and logistics networks.

Mao Jianhong, secretary of the Party Committee and chairman of Zhejiang Seaport Group, said in his speech that the Kuala Tanjung Port and Industrial Park is a project that Indonesian, the Netherlands, and China are all engaged in. In the past two years or so, the three parties have conducted constructive negotiations and proceeded in an orderly manner even with the pandemic.

According to the memorandum of understanding and the terms of the agreement, the three parties will strengthen their cooperation in port operations and the development of the industrial park. 200 hectares of land near the port will be used as the initial designated area of the industrial park, which the three parties will invest in to develop. The goal is to build Kuala Tanjung into an international port and a modern industrial park and create a new gateway on the Strait of Malacca.

Source: Foreign Trade Cross-border Research Center, Foreign Shipping

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