Running to Catch the Bullet Train
Tuesday, October 13, 2015
The Indonesian government has decided to accept China's proposal for the Jakarta-Bandung high-speed rail project. Japan, the first to show interest in this project, was passed over.
China was chosen because it was ready to take on the 150-kilometer railway project with no government guarantee. Under the Japanese offer, the government is on the hook for half of the project's value.
The Indonesian government has decided to accept China's proposal for the Jakarta-Bandung high-speed rail project. Japan, the first to show interest in this project, was passed over.
China was chosen because it was ready to take on the 150-kilometer railway project with no government guarantee. Under the Japanese offer, the government is on the hook for half of the project's value.
Minister of State-Owned Enterprises (SOEs) Rini Soemarno said the gov
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