Tag: investment

Indonesia plans to become a transshipment hub, seeks investors

Java Integrated Industrial Ports Estate

Indonesia strives to challenge Singapore’s dominance in the region with a number of own port projects, aiming to become a new global transhipment hub on China’s maritime Silk Road, writes Nikkei Asian Review. After taking office in October 2014, Indonesian President Joko Widodo endorsed the five-year plan worth 700 trillion rupiah (USD 50.6 bln) to develop the maritime […]

European Commission simplifies rules for public investment in ports

European Commission

The European Commission (EC) approved last week new state aid rules that exempt certain public support measures for ports and some other infrastructure facilities from prior Commission scrutiny. Previously, Member States were required to notify the EC about their plans of public investment into infrastructure projects and obtain its approval. The 2014 “General Block Exemption Regulation” enabled […]

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