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Tuesday, March 31, 2009

Indonesia offers US$6.14 bln high-speed rail project

Jakarta (ANTARA News/Asia Pulse) -- Indonesia's Transport Ministry has invited investors to build a US$6.14 billion high-speed train and track project covering a distance of 683 kilometers between Jakarta and Surabaya in East Java.

Railway Director General Wendy Aritenang Yazid said the government will facilitate the process of securing the license and guarantee legal certainty for investors agreeing to build and operate the project.

Prospective investors may build and operate the project without involving the state-owned railway company PT Kereta Api, Yazid said.

Related Article:

IBM Jumps on the High-Speed Rail to China


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