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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 ($99 billion) in the next five years on infrastructure projects using the PPP mechanism, including power plants, toll roads, ports, housing, clean water and telecommunications projects. "The fund will be used to finance infrastructure projects proposed by six government agencies," Priatna said, referring to the ministries of public works, housing, transportation, energy, telecommunication as well as the state search and rescue agency. Of the total amount, 407 trillion rupiah is expected to be contributed by the private sector, 84 trillion rupiah from external loans and grants and about 427 trillion rupiah from the state budget.
Source: Reuters
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Monday, 08 March 10
CHINA SHIPPING TO CARRY MORE COAL FOR SHENHUA
Hellenic Shipping News reported that, China Shipping (Group) Company will expect to ship 40 million tons of coal for Shenhua Group in 2010, Li Shaod ...
Sunday, 07 March 10
SHIPS WERE FIXED AT AROUND US$ 16,000 PER DAY FOR TRIP VIA INDONESIA TO INDIA - CAPT. REDDY
COALspot.com: The freight market was quite buoyant this week and BDI was up by 18 pct . The Cape index up by 23.60 pct and Panamax index was up by 1 ...
Saturday, 06 March 10
ESSAR TO BUY US COAL FIRM FOR $550-600 MN
Business-Standard reported that, the Essar Group is close to buying Trinity Coal, one of the top 10 coal producers in the US, in a deal worth $550-6 ...
Friday, 05 March 10
KARNATAKA POWER SEEKS 900,000 TONS STEAMING COAL OVER 9 MONTHS
Bloomberg reported that, Karnataka Power Corp., an Indian electricity generator, is seeking to import 900,000 metric tons of steaming coal over nine ...
Friday, 05 March 10
COAL RALLY ON CHINESE DEMAND SPARKS $59 ESTIMATES
Bloomberg reportd that, A rally that has boosted coal prices 21 percent from their lows last year may have further to go as the coldest U.S. winter ...
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- Global Green Power PLC Corporation, Philippines
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- Parliament of New Zealand
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- Eastern Coal Council - USA
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