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15

China to Build High-Speed Rail Line in Indonesia Joint Venture

By Tony Seruga

China won the rights to build a railway line in Indonesia as the Southeast Asian nation tries to upgrade its infrastructure to drive economic growth.

China Railway International Co. Ltd and a consortium of Indonesian state companies will build the rail line from Jakarta to Bandung, and plan to compete for other projects in the region, Sahala Lumban Gaol, the chairman of the joint venture, said in Jakarta on Friday. The project will be mostly funded by China Development Bank and won’t use the Indonesian government budget or have a state guarantee, he said…

China to Build High-Speed Rail Line in Indonesia Joint Venture

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