Delo Group, Modena Group agree to cooperate on port infrastructure in Indonesia

ST. PETERSBURG. June 23 (Interfax) - Russia's Delo Group and Mologiz, the logistics division of Indonesia's Modena Group, have agreed to study the possibility of implementing a project to develop a deep water seaport and associated infrastructure in Indonesia, Delo Group said in a statement on Friday.

An agreement on this was signed at the St. Petersburg International Economic Forum with the support of the Russian Export Center (REC).

At this stage, Delo Group is expected to provide professional expertise and resources, while Mologiz will focus on relations with the Indonesian government authorities, the company said.

"The next step will be to finalize the project details with the goal of signing a legally binding agreement," Delo Group said.

"Developing port infrastructure in Indonesia is not focused just on establishing a new major logistics hub - it also acts as a step toward deepening economic cooperation between our countries. This partnership with Indonesia broadens opportunities to strengthen transport sovereignty and better integrate Russian logistics companies into global supply chains," Delo Group chairman Sergei Shishkarev said in the press release.