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Plenary Session - Economic Viability and Financing of new projectsMrs Fransisca Nelwan Mok
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Ports Development and
Investment Plan
10 October 2011
Fransisca Nelwan Mok, Managing Director of Corporate Banking
PT Bank Mandiri (Persero) Tbk
Office of Chief Economist
© PT Bank Mandiri (Persero) Tbk.2
How importance is the port facility to Indonesian economy
Expenditure (%) 20101Q11YoY
Growth
2Q11QoQ
Growth
2Q11YoY
Growth
Share onGDP2Q11
2011 F* 2012 F*
Private Expenditure 4.6 4.5 1.3 4.6 54.3 4.4 - 4.9 4.6 - 5.1
Government Expenditure 0.3 3.0 26.0 4.5 8.3 9.7 - 10.2 5.5 - 6.0
Gross Fixed Capital Formation 8.5 7.3 3.9 9.2 31.6 9.6 -10.1 12.4 - 12.9
Exports 14.9 12.3 7.4 17.4 27.3 8.5 - 9.0 8.8 - 9.3
Imports 17.3 15.6 6.0 16.0 25.4 9.8 - 10.3 11.2 - 11.7
Gross Domestic Product(GDP)
6.1 6.5 2.9 6.5 100 6.0 - 6.5 6.1 - 6.6
More than 50% of the economic activity related with an international trade
• Almost 85% of world trade distribution relies on sea transportation
• About 90% of Indonesia’s trade are transported through sea ports
• Even more important since Indonesia is considered as archipelagoes
Source: BI, Mandiri
Office of Chief Economist
© PT Bank Mandiri (Persero) Tbk.3
National Port Master Plan Concept
Source : Dirjen Hubla
Office of Chief Economist
© PT Bank Mandiri (Persero) Tbk.4
Indonesian Top 50 Ports for Total Traffic by Trade Flow (000’s tons)
Source : Dirjen Hubla, 2009
Legend:
ExportImportUnloadingLoading
60,000
30,000
Indonesian Top 50 Ports for Total Traffic by Cargo Type (000’s tons)Legend:
General CargoContainerDry BulkLiquid Bulk
60,000
30,000
2
Office of Chief Economist
© PT Bank Mandiri (Persero) Tbk.5
However, the quality of Indonesian port infrastructure is relatively poor:ranked 96 out of 139 countries
Quality of Port Infrastructure
5.6 5 4.3 3.9 3.6 3.6 2.8
19
43
67
83
96 97
131
0
1
2
3
4
5
6
Malays
ia
Thailand
China
India
Indonesia
Vietnam
Phillipines
0
20
40
60
80
100
120
140
Score RankingSource: World Economic Forum, Executive Opinion Survey
Estimated
Type of Capital Private Private
Facility Requirements Sector Gov't Sector Gov't
Container 11,517 75% 25% 8,638 2,879
CPO 1,649 85% 15% 1,402 247
Petroleum 3,470 85% 20% 2,950 694
Coal 2,491 85% 20% 2,117 498
Cruise 122 50% 50% 61 61
Total 19,249 15,168 4,380
Source: Nathan Associates Inc.
Share Likely Funded by Amount Required from
Indicative Ports Investment Requirements:Total investment cost for Indonesia’s main ports (US$ 19.2 billion), 70-75 % from private sector and 25-30 %from public sector)
Office of Chief Economist
© PT Bank Mandiri (Persero) Tbk.6
Office of Chief Economist
© PT Bank Mandiri (Persero) Tbk.7
Bank Mandiri’s portfolio in port and shipping industryas of Sept 30, 2011
Rp. Milion
Segment Limit Outstanding
1 Corporate 992,202 552,485
2 Commercial 112,957 78,351
3 Small & Micro 4,314 4,013
TOTAL 1,109,473 634,849
Rp. Milion
Segment Limit Outstanding
1 Corporate 3,311,103 2,381,771
2 Commercial 5,753,483 4,890,548
3 Small & Mikco 84,834 76,351
TOTAL 9,149,419 7,348,671
PORT:
SHIPPING:
Source: Bank Mandiri
Latest Development:
•Bank Mandiri increased its portfinancing portfolio to developEast Indonesia Port;
•On July 29, 2011 Bank Mandirisigned a credit agreement withPT Pelabuhan Indonesia(Pelindo) IV amounted US$ 40million and Rp 50 billion.
•The usage of credit is toenhance the port qualityincluding the capacity in EastIndonesia to support thenational growth as well as toincrease the market
