Sign up | Log in



Home  >>  Daily News  >>  Indonesia News  >>  Investment  >>  Chinese firm wins $4.8 bln coal transport network contract in Indonesia

26 March 2010

Chinese firm wins $4.8 bln coal transport network contract in Indonesia

Related Stories
March 25, 2010
Japanese electronics firm to move factories to Indonesia

March 22, 2010
Indonesian economy facing investment challenges

March 1, 2010
Indonesia urges rich countries to invest in agriculture

China Railway Group said Thursday it has signed a contract worth 32.8 billion yuan ($4.8 billion) to build and operate a coal transport network in Indonesia, reported AFP.

The deal with Indonesia's Bhakta Hill Pan Pacific Railway Corp includes a $1.3 billion construction project and a $3.5 billion maintenance contract, according to a statement filed with the Shanghai Stock Exchange.

The company said the value of the long-term contract is equivalent to around 14 percent of its 2008 revenue and would not have major impact on its 2010 financial results.

Beijing has an ambitious rail development programme aimed at increasing the national network from the current 86,000 kilometres to 120,000 kilometres (53,000 miles to 75,000 miles) by 2020, creating the most extensive rail system outside the United States.

China also plans to bid for contracts to build high-speed track in the US and is stepping up rail technology exports to Europe and Latin America, the official Xinhua news agency reported earlier this month.


Comment on this Article. Send them to
Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below 





1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

| Terms of Use | Site Map | Privacy Policy  | DISCLAIMER |

Version 5.0
Copyright © 2006-2021 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand