English home Forum Photo Gallery Features Newsletter Archive   About US Help Site Map
- Newsletter
- Online Community
- China Biz Info
- News Archive
- Feedback
- Voices of Readers
- Weather Forecast
 RSS Feeds
- China 
- Business 
- World 
- Sci-Edu 
- Culture/Life 
- Sports 
- Photos 
- Most Popular 
- FM Briefings 
 About China
- China at a glance
- China in brief 2004
- Chinese history
- Constitution
- Laws & regulations
- CPC & state organs
- Ethnic minorities
- Selected Works of Deng Xiaoping

Home >> Business
UPDATED: 15:54, March 01, 2006
Indonesia to abolish monopoly in railway industry
font size    

The Indonesian government said Wednesday it has been drafting a law that will allow the private sector to take part in the country's railway business, thus ending the monopoly by state-run railway firm PT KAI.

"The new law will put an end to the monopoly," Minister of Transportation Hatta Radjasa was quoted by Detikcom news website as saying.

The new railway law is expected to get approval from the House of Representatives this July, the minister said when visiting the southern Java town of Yogyakarta.

But Hatta said foreign investors will be allowed to only become operator for a certain period, maybe 20 to 30 years.

Source: Xinhua

Comments on the story Comment on the story Recommend to friends Tell a friend Print friendly Version Print friendly format Save to disk Save this

- Text Version
- RSS Feeds
- China Forum
- Newsletter
- People's Comment
- Most Popular
 Related News

Manufacturers, Exporters, Wholesalers - Global trade starts here.
Copyright by People's Daily Online, all rights reserved