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Trainmaker signs more purchase agreements with Philippines

After signing an agreement in January, state-owned train manufacturer PT Industri Kereta Api (INKA) signed on Monday another purchase agreement with Philippine National Railways (PNR).

The agreement consists of the purchase of four sets of diesel-powered trains with a value of US$21.4 million, as well as the purchase of three locomotives and 15 passenger trains with a total value of $26.1 million.

The trains will be delivered gradually from Jan. 18 until May 27, 2020.

Previously, INKA and PNR also signed a purchase agreement for two sets of diesel-powered trains in January with a contract value of $9.7 million.

“The [State-Owned Enterprises] Ministry will continue to support PT INKA in its expansion,” said Minister Rini Soemarno in a statement recently.

Previously, INKA also announced a deal worth Rp 1.3 trillion (US$92 million) to supply locomotives to Zambia, marking its first foray into the largely untapped African market.

It is also looking at the possibility of exporting to other African countries, including Nigeria, Sudan, Mozambique and Egypt, as well as in Asian markets like Bangladesh, Malaysia, Thailand, Singapore and Australia, among others. (dwa)

Source: The Jakarta Post