Sangatta, August 30, 2010 - Indonesian Minister of Transportation Freddy Numberi, Ministry of Transportation Directorate General for Railway Tundjung Indrawan, National Development Planning Agency (Bappenas) Deputy for Infrastructure Deddy Priatna, Indonesian Investment Coordinating Board (BKPM) Deputy Chairman for Control and Implementation Muhammad Mahmud Azhar Lubis, and East Kutai Regent Isran Noor today visited East Kalimantan, the site where MEC Holdings is developing Indonesia`s first private railway. The 130 km railway will connect MEC`s coal mine in Muara Wahau to a port terminal in Bengalon.
"Other investors have realized the strengths of MEC`s business model and are now planning similar coal-railways in Sumatra and elsewhere in Kalimantan," said Indonesian Minister for Transportation Freddy Numberi during the visit.
"MEC has set a new standard in every way; they handled all the complications in the land acquisition delicately, by talking to each member and stakeholder in the local community, without putting any pressure. MEC`s approach demonstrates its long term vision in developing East Kalimantan," said Deputy Chairman of BKPM, Mahmud Azhar Lubis.
"MEC project brings the Indonesian resource sector into the future, where raw materials become the foundation for the development of integrated industrial clusters, which will create thousands of jobs and speed up Indonesia`s economic growth, " added East Kutai Regent Isran Noor.
"This new law is a breakthrough for the private sector, as the first private railway license issued to MEC will unlock opportunities for Indonesia. The Ministry of Transportation supports BKPM to meet its goal in bringing major investors to each province in Indonesia. The MEC project is a good example of a sound investment in railways in Indonesia," said Ministry of Transportation Directorate General for Railway Tundjung Indrawan.
"This is the second time I say to all investors to learn from Madhu Koneru, who has come to invest in Indonesia without demanding government support or guarantees. His achievements are based on his perseverance and conviction in the future of Indonesia," said Bappenas Deputy for Infrastructure Deddy Priatna.
"MEC`s experience in Indonesia has been positive from day one, and this can be attributed to the Government of Indonesia`s strong support for our project. At the central, regional and local levels, government officials understand the large economic spinoffs that will come from our project and it has meant that the government has delivered on its commitment to unblock investment bottlenecks," said MEC`s Vice Chairman Madhu Koneru.
"Other investors have realized the strengths of MEC`s business model and are now planning similar coal-railways in Sumatra and elsewhere in Kalimantan," said Indonesian Minister for Transportation Freddy Numberi during the visit.
"MEC has set a new standard in every way; they handled all the complications in the land acquisition delicately, by talking to each member and stakeholder in the local community, without putting any pressure. MEC`s approach demonstrates its long term vision in developing East Kalimantan," said Deputy Chairman of BKPM, Mahmud Azhar Lubis.
"MEC project brings the Indonesian resource sector into the future, where raw materials become the foundation for the development of integrated industrial clusters, which will create thousands of jobs and speed up Indonesia`s economic growth, " added East Kutai Regent Isran Noor.
"This new law is a breakthrough for the private sector, as the first private railway license issued to MEC will unlock opportunities for Indonesia. The Ministry of Transportation supports BKPM to meet its goal in bringing major investors to each province in Indonesia. The MEC project is a good example of a sound investment in railways in Indonesia," said Ministry of Transportation Directorate General for Railway Tundjung Indrawan.
"This is the second time I say to all investors to learn from Madhu Koneru, who has come to invest in Indonesia without demanding government support or guarantees. His achievements are based on his perseverance and conviction in the future of Indonesia," said Bappenas Deputy for Infrastructure Deddy Priatna.
"MEC`s experience in Indonesia has been positive from day one, and this can be attributed to the Government of Indonesia`s strong support for our project. At the central, regional and local levels, government officials understand the large economic spinoffs that will come from our project and it has meant that the government has delivered on its commitment to unblock investment bottlenecks," said MEC`s Vice Chairman Madhu Koneru.
