World Bank loan to im­prove lo­gis­tics

Maritime Gateway - - International News -

A $300 mil­lion loan ap­proved by the World Bank will help the Govern­ment of In­done­sia deepen re­forms to re­duce the costs and im­prove the re­li­a­bil­ity of the coun­try’s mar­itime lo­gis­tics. As per the 2016 World Bank lo­gis­tics in­dex re­port, In­done­sia was in 63rd po­si­tion out of 160 coun­tries in the re­port when it came to lo­gis­tic costs. Trans­porta­tion ac­counts for 72 per cent of lo­gis­tics cost. Many lo­gis­tics ve­hi­cles trans­port­ing goods from Java to out­side Java re­turned empty and us­ing trucks was more costly than trains, ships and planes. The funds will be used for strength­en­ing ports’ gov­er­nance.

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