Indonesia to sell stakes in ports, airports

AFP, JAKARTA: Indonesia plans to sell minority stakes in some airports and ports to private investors, a report said yesterday, as Southeast Asia’s top economy seeks extra funding for an infrastructure drive.
Holdings of up to 45 per cent will be sold in 10 airports and 20 ports, although the state will retain control of the sites, Transport Minister Budi Karya Sumadi said. 
“Airports and ports that generate profits will be given to the private sectors to be managed professionally,” Sumadi told Bloomberg News.
Sales would start in 2017, with stakes in one airport on Sumatra island and one on the Indonesian part of Borneo to be offloaded, he added.

Indonesia to sell stakes in ports, airports

AFP, JAKARTA: Indonesia plans to sell minority stakes in some airports and ports to private investors, a report said yesterday, as Southeast Asias top economy seeks extra funding for an infrastructure drive. Holdings of up to 45 per cent will be sold in 10 airports and 20 ports, although the state will retain control of the sites, Transport Minister Budi Karya Sumadi said. Airports and ports that generate profits will be given to the private sectors to be managed professionally, Sumadi told Bloomberg News. Sales would start in 2017, with stakes in one airport on Sumatra island and one on the Indonesian part of Borneo to be offloaded, he added.