The planned investment will increase the capacity of JICT to 2.8 million teu and increase the nearby Koja Terminal capacity to 1 million teu.
The project also includes construction of an entry gate complex to manage the trucks passing through the JICT.
HPI chief executive offer Stephen Ashworth told Jakarta Post that the expansion is part of an agreement signed between HPI and JICT shareholder Pelabuhan Indonesia (Pelindo) II in 1999.
"We want to make it a joint facility with the Koja Container Terminal," Ashworth said.
"So the trucks will come either from JICT or Koja."
JICT had a cargo handling capacity of 2.3 million teu in 2011 while Koja terminal has a capacity of 800,000 teu.
JICT operates container terminal I and II at Tanjung Priok in North Jakarta under a 20 year concession agreement until 2019.
In the terminal operating company, HPH holds a 51% stake in JICT, Pelindo II holds a 48.9% stake and Koperasi Pegawai Maritim holds the remaining stake.
The terminal is spread across an area of 130.6ha comprising of nine berths with a total berth length of 2,130m.
It operates 18 container quay cranes and 56 rubber tyred gantry cranes.
In 2009 the container terminal operator had secured a $70m loan from World Bank to partially fund a $160m expansion.
The fund was to support JICT’s 1 million teu expansion by adding four additional quay cranes, 18 rubber tyred gantry cranes, 30 head trucks and chassis, together with the construction of 12 hectares of container yard.
Image:Jakarta International Container Terminal (JICT) handled 2.3 million teu of cargo in 2011 while Koja terminal handled 800,000 teu. Photo:Hullie