A Chinese investor has shown interest in financing the planned construction of a bridge connecting Batam and Bintan islands, at an estimated cost of Rp3 trillion ($315.78 million).
Riau Islands Governor Ismeth Abdullah told The Jakarta Post that China Railways Corp had visited the provincial administration, the Batam Industrial Development Authority and the legislative council to follow up its intention to fund the project.
"We are set to sign a memorandum of understanding with the company in March. We are still arranging some contractual terms with them. Several parties have also stated their interest in participating in the tender to build the bridge," said Abdullah.
The project would consist of three bridges -- to measure 2.17 km, 3.9 km and 900 m -- that would connect Batam to the islands of Tanjung Sauh, Buau-Buau and Bintan.
Abdullah said the Riau Islands administration and the Batam Authority are in the midst of structuring the deal, which could involve a build-operate-transfer agreement.