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Friday, 10 September 10
INDONESIAN RAILWAY CONTRACT STILL UP FOR BIDDING - LOGISTICS WEEK


The tender process for a $2.2bn project to build a coal-transporting railway line in Central Kalimantan province, Indonesia, is still underway and no winner has been selected, reported by logistics week.

The government said that four companies have been finalised: Itochu-Toll consortium, a Drydocks-MAP Resources Indonesia consortium, Bakrie Indo Infrastructure and a Mega Guna Ganda Semesta-led consortium.

The proposed Puruk Cahu-Bangkuang railway is the first phase of a central Kalimantan coal railway slated to cover 1,829km.

The build, operate, own and transfer contract includes a 185km railway connecting coal mines and ports which will see the winner construct and operate the service for 30 years.

The line is expected to increase coal production in the province and could transport ten million tons a year during its first ten years of operation, according to the Jakarta Globe.

The winning bidder will be selected by the end of 2010, while the railway has denied reports that Japan’s Itochu Corporation had been awarded the final contract.
Source: Logistics Week



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Wednesday, 15 September 10
VIETNAM TO IMPORT UP TO 15 MLN TONS COAL/YR BY 2015 - VIETNAM BUSINESS
Vietnam Business reported that, Vietnam will need to import 3 million to 15 million tons of coal a year by 2015, rising to 21 million to 40 million ...


Tuesday, 14 September 10
MID HIGH TEENS FROM WCI, AND HIGH TEENS FROM ECI TO CHINA - BRS
A fairly flat market for the dry bulk segments this week, although the Panamaxes jumped on the back of strong grain exports in the Atlantic. It ...


Tuesday, 14 September 10
HIGH CHARTERING ACTIVITY NEEDS TO KEEP UP FOR DRY BULK RATES TO REMAIN HIGH
Last week’s increase of spot chartering activity pushed dry bulk freight rates to new highs, after a less than lackluster summer. As a result, ...


Monday, 13 September 10
GLENCORE BUYS STAKE IN MINER BUMI
The Jakarta globe reported that, Switzerland-based Glencore International, the world’s largest commodities trader, has quietly acquired a $200 ...


Monday, 13 September 10
IT'S JAI INDONESIA FOR OUR POWER FIRMS
Indian power producers have been compelled to look abroad for fuel to run upcoming facilities, as domestic generation is unlikely to be able to meet ...


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