Itochu eyeing railway track project in Central Kalimantan
Jakarta (ANTARA News/Asia Pulse) - The government has received a letter from Japan's Itochu indicating interest in building a railway track in Central Kalimantan, Transport Minister Hatta Rajasa said.
Hatta told the newspaper Investor Daily, however, the government has to pass a law on railway before a decision can be made on the project.
Under the present law no private investor is allowed to handle railway projects without cooperating with state-owned railway company PT Kereta Api Indonesia.
Earlier Hatta said the railway track project will help ease growing congestion in river transport especially in the the Barito river, a vital means of transport in the province.
Source:
Business in Asia Today - Jan 2, 200
published by Asia Pulse
Hatta told the newspaper Investor Daily, however, the government has to pass a law on railway before a decision can be made on the project.
Under the present law no private investor is allowed to handle railway projects without cooperating with state-owned railway company PT Kereta Api Indonesia.
Earlier Hatta said the railway track project will help ease growing congestion in river transport especially in the the Barito river, a vital means of transport in the province.
Source:
Business in Asia Today - Jan 2, 200
published by Asia Pulse