TheJakartaPost

Please Update your browser

Your browser is out of date, and may not be compatible with our website. A list of the most popular web browsers can be found below.
Just click on the icons to get to the download page.

Jakarta Post

Foreign investors eyeing Lake Toba railroad development

Chinese investors are reportedly eyeing for the railroad development project that connects Medan to Lake Toba.

News Desk (The Jakarta Post)
Jakarta
Thu, July 13, 2017

Share This Article

Change Size

Foreign investors eyeing Lake Toba railroad development The picturesque Lake Toba, as seen from Samosir Island in North Sumatra. (Shutterstock)

Chinese investors are reportedly eyeing a railroad development project connecting Medan with Lake Toba.

“They want to build the infrastructure and are ready to put up US$10 billion,” said Coordinating Maritime Affairs Minister Luhut Pandjaitan.

The railroad will connect Medan to Kualanamu and then Tebing Tinggi and Pematangsiantar. The line will end in the Lake Toba area.

Read also: What to Know: 2017 Asian additions to UNESCO World Heritage List

Late last year, five potential investors from Russia visited North Sumatra to survey the railroad project.

With the availability of the railroad, travelers will only need to spend 3.5 hours to reach the famed tourist attraction, compared to traveling by private vehicle or public bus, which usually takes six hours. (kes)



{

Your Opinion Counts

Your thoughts matter - share your experiences, suggestions, and any issues you've encountered on The Jakarta Post. We're here to listen.

Enter at least 30 characters
0 / 30

Thank You

Thank you for sharing your thoughts. We appreciate your feedback.