Jakarta (ANTARA News) - Indonesian train company, PT Industri Kereta Api (Inka), will sign a contract for the procurement of a train worth US$45 million, or equivalent to Rp642.8 billion, with the Philippines in January 2018.
"This month, we will sign a contract with the Philippines to manufacture two diesel multiple units or diesel hydraulic trains," PT Inkas Acting Executive Director M Nur Sodiq said here on Monday.
He added that the cooperation was the first time with the Philippines.
"Our dream is to dominate the ASEAN market, because there is no company that makes such train other than in Indonesia, which is Inka. We will expand the market to South Asia and Africa," he stated.
According to him, in addition to the Philippines, Inka also establishes cooperation with Bangladesh for the construction of 50 broad gauge (BG) trains and 200 meter gauge (MG) trains, worth US$99.8 million or Rp1.4 trillion.
"The project with the Philippines should be completed by 2019, and the first shipment is expected by the end of 2018," he remarked.
As for domestic projects, Sodiq added that Inka would work on 438 trains ordered by Indonesian train company, PT Kereta Api Indonesia (KAI), for executive and economic trains, worth Rp2.2 trillion (about $163.9 million).
On the same occasion, Inkas Vice Executive President Bambang Kushendarto revealed that the cooperation with PT KAI was on providing railway facilities within two years.
"It is the first time that Philippines has ordered a train from Inka; but for the ASEAN market, we have already worked with Malaysia, both for freight and passengers trains; Thailand, for ballast hopper wagon train; and Australia, for chassis," he noted.
Bambang revealed that Inka is exploring cooperation with Zambia on manufacturing 30 locomotives worth $90 million, or Rp1.3 trillion, which is currently still in the negotiation stage.
Source: ANTARA News