China to channel US$1.3b for Sumatra coal railway
The Jakarta Post
PT Bukit Asam Transpacific Railways (BATR) signed on Friday a financing deal worth US$1.3 billion from the China Development Bank (CDB) to kick-start the long-delayed railway construction in Sumatra.
BATR president director Rudiantara said the project was part of an integrated plan consisting of coal mining, coal transportation infrastructure and port logistics.
“With the deal, we...