Indian, Indonesian firms team up to build coal haul road, port
Tuesday, January 25 2011 - 05:35 PM WIB
Hyderabad, India-based infrastructure firm SEW Infrastructure Ltd. announced that it has signed a Memorandum of Understanding (MOU) with an Indonesia - based company Surya Kapenjen on Tuesday, 25th January 2011.
The Mou was signed by C.Srikanth, Director of SEW Trident Global Pte. Ltd. in the presence of the President of Indonesia, Susilo Bambang Yudhoyono.
The MOU entails development of a 84km hauling road on BOT and the Port which would feed the cargo in East Kalimantan, with a minimum capacity of 10 million tonnes per Annum of coal.
The project feasibility studies are being undertaken and SEW would decide how much to invest in the project once they get the necessary approvals and clearances.
Speaking on the occasion, Srikanth said that the company ?is exploring further opportunities to invest in Mines and Infrastructure into Indonesia?
The company did not give further detail. (alex)