JICT

completed

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 will be on existing JICT concession area, and 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 within the port premises. JICT is seeking financing from IFC for up to $30 million from IFC’s own account and a syndicated B loan of up to $40 million.JICT is owned 51% by Hutchison Ports Jakarta Pte Ltd, a member of Hutchison Port Holdings (“HPH”) group, 0.1% by Koperasi Pegawai Maritim and 48.9% by Indonesian state-owned port operator PT. Pelabuhan Indonesia II (“Pelindo II”). HPH is the world''s leading port investor, developer and operator with interests in a total of 300 berths in 49 ports, spanning 25 countries throughout Asia, the Middle East, Africa, Europe, the Americas and Australasia. Pelindo II operates 12 of Indonesia’s largest ports.