Browsing: Indonesia

Full steam ahead for Jakarta’s LRT

President Joko Widodo met with Jakarta Governor Basuki Tjahaja Purnama on Friday to discuss progress on the construction of the capital’s planned Light Train Transit (LRT) mass-transportation project. The Jakarta government plans to build seven LRT


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Indonesia Set to Fast-Track Infrastructure Spending

Jakarta. Could construction stocks be the next top picks in Indonesia’s equity market? Given the government’s intent to fast-track infrastructure spending after a report on Tuesday showed weakness in the economy, they could be. Gross domestic


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Port, Airport, SEZ Projects worth worth $2.69 million to Launch

President Joko Widodo is scheduled to inaugurate groundbreaking infrastructure projects worth $2.69 million in Manado, North Sulawesi in May, according to the governor on Thursday. North Sulawesi Governor Sinyo Harry Sarundajang, who accompanied the president during


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Mitsubishi Motors Krama Yudha Indonesia — a partnership between Japan-based Mitsubishi Motors and Jakarta-based automotive firm Krama Yudha — began construction of a new plant in Cikarang, West Java, on Tuesday. The company has allocated 60


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City’s Light Rail Moving Ahead

Adhi Karya, a listed state construction firm, is set to build a $760 million light rail system in Jakarta slated to break ground at the end of this year, scrapping the company’s initial plan of a


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McDermott Awarded Subsea Fabrication Contract by FMC Technologies for Jangkrik Complex Offshore Kalimantan, Indonesia

McDermott International, Inc. (NYSE: MDR) (“McDermott”) announced today that it has been awarded a sizeable manifold and subsea safety isolation valve module fabrication contract by FMC Technologies for the Jangkrik fields located offshore Kalimantan, Indonesia. The


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Weak Rupiah Delays Bandung Monorail Project’s June Construction Start

Jakarta: The $1.8 billion Bandung monorail project may miss its June start of construction, as the rupiah’s depreciation forces contractors to recalculate their costs. Endi Roswendi, director of Jabar Moda Transportasi, said that the company is


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LRT to Welcome Private Funding

Jakarta Governor Basuki Tjahaja Purnama plans to proceed with the light rail transit system Jakarta is expediting plans for the construction of Indonesia’s first light rail transit system despite an earlier rejection by the City Council.


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Investment in Indonesia’s road sector in decline

Recently I had the opportunity when looking at a mini-hydro development to travel on the toll road network that connects Jakarta and Bandung, West Java, as well as the roads beyond. I still feel the pain


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Indo gov’t to begin construction of railroad network in papu in 2015

According to President Joko Widodo The government will start construction on railroad network in Papua in 2015. “The railway development in Papua will start next year. We want the provincial development agency to support us so


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