Recently, the "Memorandum of Project Cooperation" for the Sino-Kalimantan Coal Mine Transshipment System Project Construction in Indonesia was formally signed. Chen Zhongping, General Manager of Tidfore Overseas Company, and Dr. Sony Lam, Chairman of Indonesia Baoyan Mining Construction Group, signed the memorandum on behalf of both parties.
The project is located in Central Kalimantan Province of Indonesia and divided into two phases to promote project construction according to the agreement of both parties. In the first phase, about 15 kilometers of coal pipelines and a 10 million tons capacity river harbor will be built. The second phase of the project involves the construction of about 50 kilometers of coal pipelines and about 150 kilometers of railways.
In the signing ceremony, Mr. Chen Zhongping introduced the development status, comprehensive strength and related performances of the group and expressed his high attention to this project that a project investigation team consisting of coal, ports, and railway design institutes would be selected soon to visit Indonesia to conduct on-site inspections and the project plan would be improved with every effort. Meanwhile, they would try their best to implement the project in a perfect way, strive to implement the project soon, and achieve mutual benefits and win-win cooperation together and long-term cooperation.