Billionaire global port operator Enrique K. Razon Jr. continues to expand with the recent signing of an agreement to develop and operate terminal facilities in Indonesia over a 30-year period.
In a disclosure on August 1, 2025, ICTSI informed the Philippine Stock Exchange that it signed an agreement to be strategic partner for the development and operation of the Batu Ampar Container Terminal (BACT) in Batam Island, Indonesia.
PT Batam Terminal Petikamas (BTP), a subsidiary of an Indonesian government state-owned entity, formed to develop terminal facilities and infrastructure in Batam Island, has signed an agreement with PT Batu Ampar Container Terminal, a 75/25 percent joint venture between ICTSI and PT Interport Sarana Infrastruktur Indonesia, as the 30-year strategic partner to operate and develop its flagship BACT.
BACT is the main container terminal for Batam Island, a prominent special economic zone in South East Asia strategically located along the Malacca Strait. BACT has 1,032 meters of operational quay length, five ship-to-shore cranes, and a fully developed backup area. In 2024, the local market exceeded 600,000 Twenty-Foot Equivalent Units (TEUs).
ICTSI’s joint venture partner, PT Interport Sarana Infrastruktur Indonesia, is a wholly-owned subsidiary of PT Indika Energy TBK, a leading Indonesian business engaged in energy, logistics and infrastructure, minerals, green business and digital ventures.
