#stayhome Maintain the distance, wash your hands, and follow instructions from the health authorities.
RSS   Newsletter   Contact   Advertise with us

Indonesia awards multi-billion-dollar railway project to China

Share on Twitter Share on LinkedIn
Staff writer ▼ | October 1, 2015
Indonesia has selected China over Japan to build a new rail link because Beijing provided $5 billion in loans without asking for guarantees, an Indonesian official says.
Indonesia railway
Transport   China promised a larger share of technology transfer
The two Asian giants were vying for a project to build a railway linking the Indonesian capital, Jakarta, with the city of Bandung.

Indonesia initially envisaged a high-speed service for the 150-kilometre journey but changed its mind this month, opting instead for a medium-speed train.

Analysts said whoever won the bid could be a front runner for future rail projects in the region, including one linking Kuala Lumpur and Singapore.

Indonesian president Joko Widodo's administration preferred China's proposal because it was less burdensome and promised a larger share of technology transfer than Japan's.