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Jakarta Post

PII to guarantee $2.3b railway project in C. Kalimantan

  • The Jakarta Post

Jakarta   /   Thu, December 1 2011   /  09:56 am

Long way to go: Coal awaits shipment at PT Bukit Asam’s open pit coal mine in Tanjung Enim, South Sumatra. Government-sponsored guarantee agency PT Penjaminan Infrastruktur Indonesia (PII) will guarantee a coal railway project in the Puruk Cahu-Bangkuang-Batanjung route in Central Kalimantan, requiring US$2.3 billion investment. Bloomberg/Dadang TriGovernment-sponsored infrastructure guarantee agency PT Penjaminan Infrastruktur Indonesia (PII) has agreed to guarantee a US$2.3 billion railway to be built in Central Kalimantan.

PII president director Sinthya Roesly said that PII would guarantee investors’ investment in the project from risks, which could arise resulting from licensing delays, land acquisition and government policy changes.

“We want to make sure that investors feel safe to invest here, starting with the project’s preparation, to construction and then o...