The US government is exploring chances to assist in the revitalization of Indonesia's trains with a $20 billion 10-year loan to run from 2010 to 2020, an official was quoted as saying on Tuesday, Xinhua reported.
The Transportation Ministry's Director General for Railways, Tundjung Inderawan, said US ambassador to Indonesia Cameron Hume has invited him to discuss projects that should be carried out during the revitalization.
Tundjung said US company General Electric (GE) Transportation would strengthen its penetration in the country by providing locomotives.
"One of the loan proposals for projects from GE Transportation has not been processed. However it is in the blue book of the National Development Planning Agency," he said, referring to the list that includes foreign loan or grant plans for the middle-term.
The chief executive officer of GE Transportation Lorenzo Simonelli was scheduled to sign a memorandum of understanding with PT Kereta Api, the government-run train company, this week in relation to the purchase of 20 locomotive units and leasing of 100 new locomotive units worth $40 million, Bisnis Indonesia reported.