railway projects offered to private investors at budget
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

Railway projects offered to private investors at budget

Arab Today, arab today

Arab Today, arab today Railway projects offered to private investors at budget

Railway in Indonesia.
Jakarta - ANTARA

The Transport Ministry said it will offer railway projects in South Sumatra and East Kalimantan to the private sector on budget tightening.

"We will hand over railway projects in South Sumatra and East Kalimantan to the private sector," Transport Minister Budi Karya Sumadi said here on Friday.

Widening current account deficit and falling value of rupiah has forced the government to adopt budget tightening policy curbing its ambition of massive infrastructure development. The government has announced the shelving of infrastructure projects not yet reaching financial close not high in priority and raised the import duties on various consumer goods that could be substituted in the country.

Budi said a number of private investors including foreign investors have indicated interest in the offer.

He said in South Sumatra a new light rail transit (LRT) has been in operation in Palembang but it will need additional stations.

He said there are also other railway projects such as reactivation of idle rail routes in West Java.

"This year we also would concentrate on reactivation of a number of abandoned rail routes in West Java," he said.

He said state-owned railway company PT Kereta Api Indonesia (KAI) will be involved in investment by giving a concession of 20-30 years.

The plan is to reactivate four abandoned rail tracks in West Java including Banjar-Cijulang-Pangandaran-Parigi, Garut-Cikajang, Cikudapateuh Bandung-Banjaran-Ciwidey, and Rancaekek-Tanjungsari.

Other railway projects to be built in cooperation with the private sector include Makassar- Pare-pare in which South Korean investors has indicated interest.

The minister said railway projects have the largest portion of the ministry`s budget accounting for Rp15.242 trillion of its total budget of Rp41.55 trillion for 2019.

The minister gave no figures for the value of investment in each of the projects in South Sumatgra and East Kalimantan and other areas.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

railway projects offered to private investors at budget railway projects offered to private investors at budget

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

railway projects offered to private investors at budget railway projects offered to private investors at budget

 



GMT 03:28 2018 Tuesday ,09 January

Dior Paris fashion exhibition breaks

GMT 21:23 2017 Friday ,28 July

US State Secretary arrives in Kuwait

GMT 23:54 2017 Wednesday ,27 September

DEWA to give away great prizes during GITEX 2017

GMT 19:22 2017 Thursday ,05 October

PM confers with AFDB delegation on ways

GMT 14:52 2017 Thursday ,19 October

Goalkeeping gaffe hands Man Utd win

GMT 14:42 2018 Wednesday ,26 September

Ukrainian leader stumbles into Russian delegation’s room

GMT 07:46 2018 Wednesday ,26 September

HRH Premier to address UN high-level health meetings

GMT 13:50 2017 Wednesday ,27 December

WAM to launch ‘Kids' Bulletin

GMT 12:36 2017 Sunday ,05 February

Nadia Murad calls Trump for not closing his country

GMT 14:26 2017 Friday ,13 October

UAE’s first hydrogen station opened

GMT 16:16 2017 Thursday ,23 February

Argentine, Spanish leaders discuss how to boost ties

GMT 14:09 2017 Thursday ,02 November

Tillerson touts US-India partnership on South Asian tour
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday