Friday, March 27, 2009

Arab fund Kaltim Port Rp 18 Trillion: Rail trains that will be used to haul coal.

VIVAnews - Investors from the Middle East will build infrastructure facilities in the coal transporter Kutai, East Kalimantan worth U.S. $ 1.5 billion or Rp 18 trillion.

Execution is carried out by the government Ras Al-Khaimah Emirate, one of the countries the United Arab Emirates federation with the Province of East Kalimantan on the sidelines of the World Islamic Economic Forum in Jakarta on Monday, 2 March 2009.

"The value of coal transportation infrastructure is one of the biggest contracts," said Minister of BUMN Sofyan Djalil.

According to him, investments worth U.S. $ 1.5 billion will be used to build a rail carrier of coal trains along the 200 kilometers, the port and industrial area by Kutai, East Kalimantan.

Head of Investment Coordinating Board (BKPM) M Lutfi said investment railway development requires the value of U.S. $ 500 million. Next, will be added to U.S. $ 750 million - 1 billion. "Later that rail will be used to carry coal," said Lutfi.

Besides in Kalimantan, Ras al-Khaimah also working to open a smelting in South Sumatra. The location is in the foreland area of fire-fire. The process according to Lutfi, waiting for a decision to stay.

1 comment:

Gada Bina Usaha said...

first private railroad in indonesia,it`s a good news for investment in Kalimantan.