From Government of Indonesia

Train Services Opened to FDI

The government has opened its railway sector to domestic and foreign investors to spur development of the country's train network, Bisnis Indonesia reported on Tuesday (8/5/07).

Foreign investors can now own up to 95% of companies providing train services, the newspaper quoted Transportation Department Director General Soemino Eko Saputro as saying.

Saputro said the government decided to open the sector to foreign investors due to the reluctance of local investors. State-owned PT Kereta Api is the sole provider of passenger train services in Indonesia, which are located mostly in Java.
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