Former CEO of Pelabuhan Indonesia II Richard Joost Lino: The Contract Takes Effect After the Minister Agrees

RICHARD Joost Lino still firmly stands behind his decision to extend the cooperation contract for the management of the Jakarta International Container Terminal (JICT) with Hutchison Port Holdings five years before the contract ends in 2019. This former CEO of Pelabuhan Indonesia (Pelindo) II holds that the state benefits from this arrangement. One advantage, he pointed out, is the payment of an upfront fee of US$215 million, which can be used by

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