Hyundai E&C to participate in $1.6 bln Indonesia railroad project
By: Reuters | Feb 04 2014 at 09:55 PM | Intermodal
SEOUL - Hyundai Engineering & Construction Co Ltd said it has agreed to work with Russian Railways on a $1.6 billion project in Indonesia to build a railroad and port for coal transport in Kalimantan.
A Hyundai spokesman said each participant’s share in the project had yet to be decided. A formal contract for construction is expected in 2015.
Indonesia is the world’s biggest exporter of nickel ore, refined tin and thermal coal.