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Russia discusses investment in Indonesian railways JAKARTA - Russia has voiced its interest in investing in several major projects in Indonesia such as the development of railway tracks and aluminum factories in the country.

"We also discussed cooperation in the latest technologies such as the development of Russian satellite technology in Indonesia and the participation of Russia in the development of nuclear power plants," Matvienko, the Federation Council chairman of the Russian Federations Federal Assembly, stated after a meeting with Vice President Jusuf Kalla here on Wednesday.

He affirmed that during the meeting with the vice president, they discussed efforts to enhance economic cooperation between both countries and to boost two-way trade to US$2 billion.

Matvienko said Russia was also interested in President Joko Widodos idea to develop a maritime axis in the Asia-Pacific region as Russia and Indonesia are part of the region. "In order to realize this idea, Russia is ready to assist Indonesia in trade and investment and the maritime sector," he stated.

Besides efforts to boost trade and investment cooperation, he remarked that Russia also called on Indonesia to cooperate in fighting international terrorism. "Russia sees Indonesia as an important and key partner in the Pacific region," he noted.

Kalla emphasized that Indonesia and Russia enjoyed sound relations in the fields of politics, trade and investment. "We discussed steps to carry out all forms of cooperation, and they will be followed up by visits of other delegations," stated the vice president.

During the Asia-Pacific Economic Cooperation (APEC) forum in Beijing on Monday, Indonesian President Joko Widodo offered investment opportunities to Russia at a meeting with President Vladimir Putin.

"We have invited investors from Russia to invest in the energy, power plants, railways, irrigation, food, and manufacturing sectors," the Indonesian head of state said. He noted that the good relations developed between the two countries, so far, need to be further nurtured in the future. Indonesia and Russia have been strategic partners since April 21, 2003, after they signed an agreement in Moscow.

Since then, the two nations have developed cooperation in the fields of economy, trade and investment, including the manufacture of heavy equipment and satellite-based communication equipment. They have also cooperated in the development of security systems, information technology, and transportation.

"I am convinced that relations between the two countries as strategic partners will further improve in the future," he affirmed. He added that the strategic Indonesia-Russia partnership has covered wider areas and "it is hoped that if can be further developed and increased in the future."


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07 August 2014 · Cileunyi-Tasikmalaya toll road project to cost Rp 4 trillion
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Related blog entries (category 'Infrastructure') Tags: Russia, investment, plan, railways


Posted in Infrastructure @ 12 November 2014 18:45 CET by Blog Bot · 'Blog' RSS feed · permalink






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