Indonesia's Rajawali group has acquired an 80% stake in the $1.3bn Sumatra railway project from Transpacific Group.
The deal is expected to facilitate Indonesian infrastructure and commodity-related projects, according to Reuters.
Bukit Asam's consortium has recently sought support from two China-based private equity funds to partly fund the Sumatra railway.
The Indonesia-based company is looking for partnership with Rajawali to work on the rail projects.
Related links
Indonesia Private Railway Freight Corridor
