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China to invest US$3 billion in East Java

SURABAYA: Three Chinas state-owned companies are interested to invest US$3 billion in a number of infrastructure projects in East Java, including port, highway and train railways.Those companies are China Building Civil Constructions Co Ltd, Changjiang

SURABAYA: Three Chinas state-owned companies are interested to invest US$3 billion in a number of infrastructure projects in East Java, including port, highway and train railways.Those companies are China Building Civil Constructions Co Ltd, Changjiang Waterway Engineering Bureau and CFDC.The three companies have met East Java Governor Soekarwo and showed their commitment and seriousness to invest, Head of Capital Investment Agency (BPM) East Java Province Warno Harisasono said.They met East Java Governor in Grahadi Building in July 12 as a response to prior meeting in China. Those companies are very serious to invest, he said, yesterday.In the prior meeting last May, the provincial government has signed memorandum of understanding (MoU) on large-scale investment plan for a number of strategic projects with those companies.Both parties agreed to allocate US$3 billion for port, toll road and train railways project located in East Java. Such investment fund could increase adjusting the project they are interested, he said.The Chinas state-owned companies are eyeing the construction of double track elevated railway (DTER) Gubeng-Juanda Airport, which is being initiated between East Java Provincial Government and Central Government.Meanwhile for port projects, the government offers port construction project in Madura and oil and gas port in Tuban Regency. (k21) (msw/t06)

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