RI invites KL investors

Tue, 09 May 2000, 00:00 WIB | Source: AFP

KUALA LUMPUR (AFP): Indonesia has invited Malaysian investors
to revive projects abandoned there three years ago because of the
economic crisis, Malaysia's Works Minister said on Monday.

S. Samy Vellu said his visiting Indonesian counterpart Rozik
Budioro Soetjipto made the request during a meeting.

Rozik, who is leading a seven-member delegation, said
Indonesia and Malaysia's Hicom Group had signed a US$600-million
deal for a road project.

The Indonesian minister, who arrived Sunday for a four-day
visit, said the delegation wanted to learn from Malaysia's
experience in privatizing expressway and railway projects.

"We're planning to erect a rail system for Sumatra," the
official Bernama news agency quoted him as saying. No details
were given.

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