Indonesia invites foreign investment to help develop railway industry
Sep 10, 2022
Jakarta [Indonesia], September 10: Indonesia's transportation ministry said Friday that it is seeking foreign investment to develop its railway industry, as the country has planned to have 7,451 km of train tracks by 2024.
As of 2020, the largest economy in Southeast Asia had a total of 6,320 km of railway, according to data from the ministry. The target to extend the train track to 7,451 km has been included in the country's 2020-2024 National Medium-Term Development Plan.
"We are pleased to invite any potential investors to participate in this development project," Djarot Tri Wardhono, a senior official of the ministry, told reporters on Friday.
To attract more foreign investors, the Indonesian government is currently drafting a regulation to create a friendly investment climate in Indonesia, according to the official.
Source: Xinhua
