Dane to invest in local Indonesian airport

A Danish investor has according to the newspaper Bisnis Indonesia pledged US$17 million in soft loans to the district administration of Kutai Timur in Indonesia to finance expansion of the Sangkimah air terminal. The identity of the investor is so far unknown.
     Rudy E Kurniawan, an executive from a tourism company owned by the district government, said work will start to modernize and expand the airport already in March this year.
     The airport will be expanded to be able to accommodate a Boeing 737 aircraft, Rudy told the newspaper.
     He said the Danish investor is interested in the economic prospects of the district, which is rich in natural resources. He gave no further details about the loan.
     He said the port project will be part of the Satellite Town Project of Malloy Industrial Estate, which will have special ports for crude palm oil and coal and a container terminal.
     The country’s largest coal mining company PT Kaltim Prima Coal, which is owned by BP and Rio Tinto, is located in Kutai Timur.

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