Hyderabad-based SEW Infrastructure Limited will develop a road-cum-port project in Indonesia.
Company’s Indonesian subsidiary, SEW Trident Global Pte Limited, has signed an MoU with Surya Kapenjen, an Indonesia-based firm, to develop an 84-km long road and a port with a minimum of 10 million tonne cargo handling capacity on a BOT basis, a release said.
Feasibility studies are being undertaken and SEW would decide how much to invest in the project once they get the necessary approvals. This is company’s first overseas project.
According to the MoU, the company will build the road and jetty and collect the toll for a specified period of time. SEW Infra is exploring further opportunities to invest in mines and infrastructure into Indonesia, the release added.