INDONESIA PRESS-PP, Waskita Karya to develop seaport in North Sumatra-Investor Daily
PT PP and PT Waskita Karya in cooperation with PT Pelindo I, plan to develop a seaport at Kuala Tanjung, North Sumatra, at a total investment of 700 billion rupiah ($57.42 million), Waskita's management said in a statement.
PP's Corporate Secretary Taufik Hidayat said the firm will pick up equity stake worth 63 billion rupiah in the joint venture. (Investor Daily, Bisnis Indonesia)
Note: Reuters has not verified this story and does not vouch for its accuracy. (1 US dollar = 12,190.0000 rupiah) (Compiled by Jakarta Newsroom; Editing by Sunil Nair)
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