Two S.Korean firms to sign Indonesia ferry deal-sources
Two South Korean companies will sign a tentative agreement with an Indonesian government-run firm on Monday on a shipbuilding project that could be worth up to $2 billion, sources told Reuters.
Under the deal, Samsung C&T and 21st Century Shipbuilding Co will help PT Indonesian Ferry construct a shipyard in the southeast Asian country and build some 1,000 ferry boats over the next five years, the sources with knowledge of the deal said.
They said the three companies plan to sign a memorandum of understanding on the deal on South Korea's resort island of Jeju on the sidelines of summit meetings between South Korea and the Association of Southeast Asian Nations (ASEAN) countries.
One of the sources said the deal would reach some $2 billion but did not provide more details.
Under the deal, Samsung C&T and 21st Century Shipbuilding Co will help PT Indonesian Ferry construct a shipyard in the southeast Asian country and build some 1,000 ferry boats over the next five years, the sources with knowledge of the deal said.
They said the three companies plan to sign a memorandum of understanding on the deal on South Korea's resort island of Jeju on the sidelines of summit meetings between South Korea and the Association of Southeast Asian Nations (ASEAN) countries.
One of the sources said the deal would reach some $2 billion but did not provide more details.