Saudi considers $850 million investment in Indonesia transport

Published June 18th, 2001 - 02:00 GMT

The administration in the Indonesian city of Jakarta is banking on an $850 million investment by Saudi investors to ease the area’s chronic traffic problems. If the money comes through, it will be pumped into a subway or triple-decker road and railway project. 

 

According to the Jakarta Post, the investor is Al-Bandari Abdul Aziz, which has reportedly been getting the silk glove treatment with Indonesian President Abdurrahman Wahid, who requested that the minister of settlement and regional infrastructure, Erna Witoelar, take care of what Abdul Aziz needs, to get things moving. 

 

The Jakarta city administration had planned to build a $1.5 billion subway system running from Fatmawati in South Jakarta to Kota in West Jakarta. Its basic design was completed in 1996, but the project was shelved when the economic crisis struck the country in mid-1997. ― (MENA Report)

© 2001 Mena Report (www.menareport.com)


© 2000 - 2019 Al Bawaba (www.albawaba.com)

You may also like