|Indonesian Government Upbeat About Coal Railway Project|
|Wednesday, 07 October 2009 14:13|
In addition to a 30-year concession right, the Indonesian government will also award a competitive pricing scheme as an incentive to lure investors in a $1.5 billion, 185 km-coal railway project in Central Kalimantan. Data shows the project will affect 24 coal miners whose production capacity is between 300,000 mt and 5 million mt per year. The railway will be capable of transporting 10 million mt of coal per year, and 20 million mt after the first 10 years.