Garvox wins Ft 50 bln contract in Indonesia
Friday, August 5, 2005, 14:21
A Ft 50 billion contract awarded by the Indonesian government to a Hungarian company yesterday was the highlight of Prime Minister Ferenc Gyurcsány's official visit to Indonesia, the third and last country on his South Asian itinerary, daily Népszava reported. Garvox, a company only identified by daily Magyar Hírlap as "a business conglomerate headed by Hungarian businesspeople", will build a lignite and coal mine in the underdeveloped southern part of Sumatra island, in addition to a power plant, a railway line and a port; the mining permit is for 20 years. The Hungarian government delegation offered over Ft 10 billion tied-aid credit to Vietnam and Indonesia that the latter can spend on projects they award to Hungarian companies.