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Jakarta Post

Batam lures foreign investors to build railway system

  • Fadli and Nurfika Osman

    The Jakarta Post

Jakarta   /   Thu, October 18 2012   /  10:19 am

The government is offering the construction of a railway project worth about Rp 2.4 trillion (US$249.6 million) in Batam, Riau islands, to foreign investors particularly from Russia and neighboring Singapore.

The director general of railway Tundjung Inderawan said in Batam on Wednesday that the government hoped investors from Russia or from neighboring Singapore were interested in the railway project.

 A number of foreign investors such as those from Russia had expressed their keen interest to take part in railway projects in Kalimantan. He hoped the Batam railway project would also attract Russian investors.

“We have seen an urgency to establish a railway system in Batam because this is a free trade zone and shares borders with neighboring Singapore and Malaysia. We also see long term economic feasibility for a railway transportation mode in Batam,” Tundjun...