Indonesian JV finances storage terminal

PT Jakarta Tank Terminal (JTT), a joint venture between PT AKR Corporindo Tbk and Vopak, agreed to give financial assistance worth US$60 million for the construction of Vopak Terminal Jakarta, an independent petroleum storage terminal at Tanjung Priok port, Jakarta, Indonesia. The facility also has its financier’s international banks, including FMO (Nederlandse Financierings-Maatschappij Voor Ontwikkelingslanden N.V) The Netherlands, DEG (Deutsche Investitions-und Entwicklungsgesellschaft mbH) Germany and ING Bank N.V. Singapore. The 250,000 cubic meter terminal is set for commissioning in 2010. (May 6, 2009)