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DP World to expand Malacca Straits’ Belawan New Container Terminal (BNCT) with a $7.5 billion partnership

Posted on September 5, 2022   |  

  • Indonesian port operator Pelindo and a consortium of the country’s sovereign wealth fund entered an agreement to develop BNCT on Sumatra Island.
  • The agreement is part of a $7.5 billion partnership between the Indonesia Investment Authority (INA) and UAE's DP World.
  • Pelindo and the consortium will transform BNCT into a major transportation and maritime hub in the Southeast Asia region by increasing terminal capacity, direct calls, and connectivity with other ports.
  • Under the agreement, BNCT’s capacity will more than double to 1.4 million TEU in the next 6 years, boosting Belawan’s position in the Malacca Straits.