Indonesian Political, Business & Finance News

Indonesia picks 3 Japanese groups for Rp6 trln railway project

| Source: ANT
Jakarta (ANTARA News) - Three Japanese consortia have been prequalified to bid for a railway project here worth about 6 trln rupiah.

The three groups are Marubeni Corp-Tokyu, Itochu-Taise and Mitsubishi Corp.-Sumitomo Corp, XFN Asia reported citing the Transport Ministry.

Two other Japanese groups that did not prequalify were the Tekken-Kajima consortium and the Takenaka-Mitsui consortium.

Suprapto said the ministry will hold a tender for the project next month.

The project involves construction of a 35-km four-track railway from Manggarai in South Jakarta to the nearby town of Cikarang in West Java.

The project is to be funded by a loan from the Japan Bank for International Cooperation (JBIC). (*)
Tags: business
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