Egyptbased contractor Orascom Construction and its consortium partners Siemens Mobility and The Arab Contractors have signed a contract with the National Authority for Tunnels (NAT) to expand the network of Egypt's new high-speed rail system to 2,000 kilometres.. The consortium had signed the first phase of the network covering a 660km line in September 2021.
This article has been translated by PwC Indonesia as part of our Indonesia Infrastructure News Service. PwC Indonesia has not checked the accuracy of, and accepts no responsibility for the content. Investor Daily - Pemerintah Suntikkan Rp4,3 Triliun ke Proyek KA Cepat Jakarta-Bandung 13 October 2021 By Thresa Desfika, Triyan Pangastuti, Muawwan Daelami, and Arnoldus Kristianus Jakarta – The government is investing trillion in PT Kereta Api Indonesia KAI to cover the lack of funds for the construction of Jakarta-Bandung High-Speed Railway that increased by around Rp27 trillion or 31% from the original cost. The investment is provided in the form of an additional state capital participation PMN for PT KAI, one of the four SOEs State-owned Enterprises in PT Pilar Sinergi BUMN Indonesia. The construction of the high-speed railway that spans 142 km is predicted to be finished at the end of 2022, which is 12 months later from the original schedule. Other SOEs in PT Pilar SInergi BUMN Indonesia PSBI are PT Wijaya Karya Persero Tbk, PT Jasa Marga Persero Tbk, and PT Perkebunan Nusantara PTPN VIII. To work on the high-speed railway, PSBI is cooperating with a Chinese company by establishing the KCIC consortium. PSBI’s ownership portion in KCIC reaches 60%, while the Chinese company owns the remaining 40%. When the consortium PT Kereta Cepat Indonesia China KCIC was established, KCIC was obligated to provide a capital of around trillion. This is 25% of the estimated cost of Jakarta-Bandung High-Speed Railway worth US$ billion or trillion in total. PT Pilar Sinergi BUMN Indonesia that owns 60% of KCIC shares must provide a capital of around trillion, while the Chinese consortium Beijing Yawan that owns 40% of the shares must provide trillion. With 25% provided from their own capital, the remaining 75% or around trillion US$ billion will be provided by a loan from China Development Bank. PT Kereta Api Indonesia Persero or KAI President Director, Didiek Hartantyo, said that, as a follow-up action from Presidential Regulation Number 93/2021 that appointed KAI as the new leader of PSBI, the PMN for KAI was prepared to provide the base equity capital for Jakarta-Bandung High-Speed Railway. Previously, PSBI’s leader was PT Wijaya Karya Pesrero Tbk as they owned 38% of the shares, while KAI owned 25%, PT Jasa Marga Persero owned 25%, and PT Perkebunan Nusantara PTPN VIII owned 12%. The trillion PMN will be used to cover the lack of capital from the SOE consortium, Rp240 billion from WIKA, Rp440 billion from KAI, Rp540 billion from Jasa Marga, and trillion from PTPN. “So, the trillion PMN will be used to provide the base equity capital,” Didiek said when he was contacted by Investor Daily on Monday 11/10. He explained that, to work on the high-speed railway project, PSBI established a joint venture with a Chinese consortium, Beijing Yawan, called PT Kereta Cepat Indonesia China. The fund required for the high-speed railway spanning 142 km reaches US$ billion. Special Staff for SOE Minister, Arya Sinulingga, explained that, previously, the funding would be provided from the state budget as the four SOEs involved in the project was impacted by the Covid-19 pandemic, which hindered the capability of the state-owned companies in financing the cooperation project between Indonesia and China. “This is what forces the government to provide funding so that the high-speed railway can be excellently constructed,” Arya said to an interviewer on Sunday 10/10. In article 4 paragraph 2 of Presidential Regulation Number 93 of 2021, it is mentioned that other funding can be provided from the state budget to maintain the progress of a national strategic project by considering the fiscal capacity and sustainability. Then, paragraph 3 of article 4 states that financing can be provided from the state budget in the form of state capital participation for the SOE consortium leader and/or guarantee for the SOE consortium leader. “Presidential Regulation Number 93/2021 appoints PT KAI as the consortium leader, while the previous leader was PT Wijaya Karya Tbk. So, this is nothing. The issue is only that [the SOEs are impacted by the pandemic]. Wherever you go, in almost all countries, the government is involved in their high-speed railway project. Almost all countries are like that,” Arya said. He added that the construction progress of Jakarta-Bandung High-Speed Railway project had reached 80%. With funding from the government later, Arya continued that the project completion was expected to be accelerated. Cost overrun On a separate occasion, SOE Deputy Minister, Kartika Wirjoatmodj, revealed that, previously, there were several issues regarding Jakarta-Bandung High-Speed Railway. First, regarding the initial capital. According to him, PT PTPN VIII’s plan to provide additional capital in the form of lands in Walini in West Java was rejected by the consortium. “PTPN VIII was planning to increase the capital in the form of lands in Walini. In its development, the consortium KCIC does not receive contribution in the form of lands, only cash. PTPN VIII does not have the capability to provide cash of that amount,” Kartika Warjoatmodjo, familiarly called Tiko, said. Besides that, he continued that Jasa Marga was also planning to provide capital in the form of a right of way ROW on their toll roads. However, a ROW turns out can only be provided by the State Asset Directorate General of the Finance Ministry. “This misunderstanding on ROW is due to a lack of legal study at the early stage. Furthermore, capital from WIKA and KAI are also still lacking,” he said. To cover the lack of capital, Tiko continued that KAI was proposed to receive a state capital participation of trillion this year. The fund will be included in the 2021 additional PMN. “We expect that the culmination [of the lack of the capital from Jasa Marga and PTPN VIII] and the lack of the additional capital from WIKA and KAI can be provided by the PMN. The PMN through KAI that will be used to smooth out [the construction of] Jakarta-Bandung High-Speed Railway is required as the companies are under pressure from the Covid-19 pandemic,” Tiko stated. Furthermore, Tiko said that the second issue regarding the Jakarta-Bandung High-Speed Railway project was the cost overrun. In Tiko’s presentation during the working meeting with House of Representatives DPR Commission VI, it was shown that the cost overrun of Jakarta-Bandung High-Speed Railway was estimated to reach around US$ billion to US$ billion. “We are currently having a discussion on the cost overrun. I think that it will not be provided in this year’s [PMN], but next year’s,” Tiko revealed previously. Then, he revealed that the third issue was the cash deficit. According to Tiko, discussions with China are still held to handle the negative operational cash flow, which will occur at the start of Jakarta-Bandung High-Speed Railway’s operation. “We are thinking of a scheme with financing from a bank, which is CDB China Development Bank,” Tiko said. Special Staff for SOE Minister, Arya Sinulingga, previously explained that another problem was the change of Jakarta-Bandung High-Speed Railway’s route to Jakarta-Padalarang-Bandung. This is set in Presidential Regulation Number 93 of 2021. Previously, the route was set to be Jakarta-Walini-Bandung. “Price changes can occur and are normal in a project. Moreover, in a project with a long route such as the Jakarta-Bandung High-Speed Railway project that spans 142 km. During construction, the design can change due to geological and geographical conditions that change from the original condition. Do not say that the original plan is wrong. Then, the price of lands can increase in time, which occurs during almost every construction,” he added. JakartaBandung High Speed Railway Tentang Kami WIKA adalah satu-satunya kontraktor asal Indonesia yang dipercaya dalam pembangunan Proyek Kereta Cepat Jakarta-Bandung. Presiden Joko Widodo menunjuk WIKA secara langsung sebagai kontraktor yang mengerjakan KCJB, hal ini membuktikan kualitas WIKA sebagai kontraktor BUMN tidak diragukan lagi.
Rome, June 6 Reuters - A Webuild-led consortium has won a tender worth billion euros $ billion to build a section of a new high-speed railway line in Sicily, the Italian construction group said on leads the consortium with a 75% stake, while Italian partner Ghella holds the remaining 25%.Under the contract, the consortium will build 30 kilometres of railway between Palermo and Catania - the two main cities in Sicily, an island that has long suffered from poor transport said the new line would cut travel times between Palermo and Catania from three hours to contract announced on Tuesday was awarded by Rete Ferroviaria Italiana RFI, part of state-controlled railways group Gruppo Ferrovie dello Stato Italiane.$1 = eurosReporting by Federica Urso, editing by Alvise Armellini and Jason NeelyOur Standards The Thomson Reuters Trust Principles.

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Rete Ferroviaria Italiana RFI and the Iricav 2 consortium led by the Webuild Group, have signed a EUR billion contract for the construction of the first section of Verona-Padua high speed line. The consortium comprises Webuild with a stake, Astaldi – and Hitachi Rail with a share of Under the contract, the consortium will be responsible for the construction of km high-speed rail section between Verona and Bivio Vicenza, crossing 13 municipalities, of which six in Verona province and seven in Vicenza. km of viaducts, km tunnels and 33 km elevations will be constructed as part of this first lot. The section, which will comprise a total investment of EUR billion, is expected to be completed in 2027. EUR 874 million is the awarded funding for the first phase as part of the contract, while the remaining EUR billion will be financed within the next 12 months. By quadrupling the existing railway, it will improve the quality of the train service and strengthen its links to a European network, helping reduce the impact on the environment as well as the number of road accidents. “We are very happy to start a new strategic project, this time for mobility in Veneto. It is another piece of infrastructure that we hope will involve a long supply chain, running from north to south,” Webuild Chief Executive Pietro Salini said. EUR billion is the needed investment for the construction of entire km high-speed line, of which EUR billion is the value available for the general contractor. The railway line will be constructed within two more lots. This involves a km section crossing of Vicenza as the second lot, and the Vicenza-Padua section which will have a length of km. The Verona-Padua high speed line is an important railway connection across the country’s northeast. Is part of the Milan-Venice high-speed connection, on the Mediterranean Corridor, the main east-west axis in the TEN-T Network south of the Alps, running from south-western Mediterranean region of Spain to the Ukrainian border. With the addition of the line between Milan and Venice to the national network, 75% of the Italian population will have access to high-speed rail service. To develop the high-speed railway network, RFI has also awarded this year, a contract for the second lot of Brescia Est – Verona line. Share on Shopa wide range of playsuits jumpsuits products and more at our online shop today. Eligible for free shipping. Categories

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On30 July 2019, IKM has been successfully awarded by HSRCC (HighSpeed Railway Contractor Consortium) for the most remarkable commercial project located in Bandung area : Jakarta-Bandung High-Speed Rail. IKM's contractual scope includes the whole EPC works for HSRCC headquarter base camp, steel structure workshop, landscape etc. Pdgt.
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