Adani Group, Bukit Asam Agree to Build Coal Railway
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Adani Group, Indonesia’s state coal producer PT Tambang Batubara Bukit Asam, and the South Sumatra provincial government agreed to build a coal railway in the province, the Indonesian Investment Coordinating Board said.
Adani, through its local unit PT Adani Global, may invest $1.6 billion in the project, which includes building a coal terminal with an annual capacity of 50 million tons, the Investment Coordinating Board Chairman Gita Wirjawan said in Jakarta today. Construction of the 270-kilometer (167.8 miles) railway is expected to start next year with completion by 2013, Wirjawan said.