World Biz Tool: Save | Print | E-mail   
Indonesian leader wants private sector in railway business
Last Updated(Beijing Time):2007-07-06 11:08
Indonesian President Susilo Bambang Yudhoyono has called on the private sector to invest in the rail industry as part of efforts to rejuvenate the country's shabby railway network.

"Following the passage of the rail transportation law, I call on the private sector to take part in revitalizing the national rail industry," Yudhoyono was quoted Thursday by English daily The Jakarta Post as saying.
Yudhoyono also asked the private sector to make the maximum use of the homegrown technology.

The House of Representatives endorsed in March a controversial rail transportation bill which allowed the private sector to take part in the rail industry.

The law stipulated the private sector, including multinational corporations, was allowed to participate, along with the state- owned PT Kereta Api Indonesia (KAI), in providing rail transportation and the manufacture of supporting facilities.

The law required the government to issue a regulation on the detailed participation of the private sector in the rail industry.

Yudhoyono said given rail transportation's massive appeal, the Transportation Ministry should improve its overall safety standards.

He called on PT KAI to maintain and refurbish old carriages as part of efforts to reach a target of zero-accidents.
Tool: Save | Print | E-mail  

Photo Gallery--China Economic Net
Photo Gallery
Most Popular
About | About the Economic Daily | Contact us
Copyright 2003-2015 China Economic Net. All right reserved