Indonesia, Japan Sign Loan Agreement on Patimban Port

Marcheilla Ariesta    •    13 November 2017 18:41 WIB
transportation (en)
Indonesia, Japan Sign Loan Agreement on Patimban Port
Patimban Port is located in the northen coast of West Java province. (Photo:MoFA)

Jakarta: Indonesian Foreign Ministry director general for Asia, Pacific and Africa Desra Percaya and Japanese Ambassador in Indonesia Masafumi Ishii signed a loan agreement in Central Jakarta on Monday afternoon.

"It will strengthen relations between Indonesian and Japanese governments," Desra said in a press conference after the signing ceremony.

"It will improve collaborations in transportation and education sectors," he added.

The Japanese government will fund the Patimban Port development project. The transportation infrastructure will cost around 118 billion yen.

The Japanese government will fund the Gadjah Mada University research center development project. The education program will cost around eight billion yen.

In addition, Indonesian President Joko "Jokowi" Widodo and Japanese Prime Minister Shinzo Abe will hold a bilateral meeting on the sidelines of the ongoing ASEAN Summit. In the bilateral meeting, Indonesian and Japanese delegations will discuss several cooperation opportunities between the two countries.
(WAH)