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PT. Berlian Manyar Sejahtera obtained a 76 years Concession

19 December 2017

Surabaya, 19 Des 2017 - PT AKR Corporindo Tbk (IDX ticker code: AKRA.IJ) reported that PT Berlian Manyar Sejahtera (BMS) has obtained the concession to operate port service of Terminal Manyar, in Port Gresik, East Java for 76 years from the Ministry of Transportation. The signing of Concession Agreement between the Office of Harbour Master and Port Authority of Gresik Class II with the Port of PT Berlian Manyar Sejahtera was carried out on December 15, 2017, witnessed by Port Director at the Directorate General of Sea Transportation of the Ministry of Transportation.  It is part of government’s support in infrastructure development especially on the port sector through Public Private Partnership mechanism, in line with the enactment of Law No. 17 Year 2008 about Shipping. The Shipping Law contains four main elements: sea transport, port, safety and security of shipping, and protection of maritime environment. In terms of port, this Law includes provision on the abolition of monopoly in port management, and to allow the role of local government and private sector in port management.

 

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