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Thursday, 18 February 10
INDONESIA TO INVITE BIDS FOR $1.5 BLN COAL RAILWAY IN MAY
 Indonesia plans to invite investors to bid for contracts to build a $1.5 billion coal railway line in Central Kalimantan, a planning ministry official said on Wednesday.
Growth in Southeast Asia's largest economy has been held back by poor infrastructure following years of under-investment in ports, roads and power plants.
The government wants to woo domestic and international investors to join public-private partnerships (PPPs) as a way of financing new infrastructure projects.
Dedy Supriyadi Priatna, the ministry's deputy in charge of infrastructure, said that the 185 kilometre (115 miles) railway project planned for Central Kalimantan, on the Indonesian half of Borneo island, would be built under a PPP scheme and that construction contracts would be tendered in May.
"We have received a lot of interest from local and international investors," he said.
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“Construction of the single-track coal railway project, the first of its kind in Central Kalimantan, is scheduled to start by the end of this year and begin operating in 2013 and the project is expected be the first part of a 1,900-km railway network planned for the province.”
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Under PPP schemes, the government usually provides the land and guarantee for the project, while the private sector is in charge of the construction process.
Construction of the single-track coal railway project, the first of its kind in Central Kalimantan, is scheduled to start by the end of this year and begin operating in 2013.
The project is expected be the first part of a 1,900-km railway network planned for the province.
Coal exporters currently have to rely on Central Kalimantan's rivers and limited road network to transport coal.Priatna also said that Indonesia expects to spend 918 trillion rupiah ($99 billion) in the next five years on infrastructure projects using the PPP mechanism, including power plants, toll roads, ports, housing, clean water and telecommunications projects. "The fund will be used to finance infrastructure projects proposed by six government agencies," Priatna said, referring to the ministries of public works, housing, transportation, energy, telecommunication as well as the state search and rescue agency. Of the total amount, 407 trillion rupiah is expected to be contributed by the private sector, 84 trillion rupiah from external loans and grants and about 427 trillion rupiah from the state budget.
Source: Reuters
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Tuesday, 19 January 10
COAL FOR DOMESTIC USERS
While the government is already almost a year behind schedule in issuing regulations to implement the new mining law, mineral producers have been&nb ...
Tuesday, 19 January 10
RISING DEMAND FROM POWER FIRMS TO PUSH COAL PRICES
The resurgence of the Chinese economy, along with harsh winter conditions across the country, is likely to push coal prices up in the short term. In ...
Tuesday, 19 January 10
ESSAR'S MEGA ACQUISITION PLANS
India’s Essar Group has carved a mega plan that includes a slew of acquisitions and investments in assets across various businesses. CNBC-TV18 ...
Monday, 18 January 10
INDONESIA SHIPPED 15.90 PERCENT OF TOTAL COAL EXPORTS IN 2009 TO INDIA
COALspot.com (Indonesia): Indonesia, the world largest coal exporter, exported 19.07 percent of the total coal export in 2009 to China and 15. ...
Monday, 18 January 10
BHP TO SPEND $267 MILLION ON QUEENSLAND COKING COAL
BHP Billiton Ltd, the world’s largest mining company, will spend $267 million to accelerate development of the Caval Ridge mine and the Hay Po ...
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