I Don’t Know Whether It’s Feasible or Not
Kereta Api Indonesia has been appointed as the lead of the state-owned companies consortium for the Jakarta-Bandung high-speed train project replacing Wijaya Karya. KAI CEO explains to Tempo about the problems plaguing the project which seems to be teetering on the edge of collapse.
PRESIDENTIAL Regulation No. 93/2021 has opened doors for the government to finance the Jakarta-Bandung high-speed train mega project from the state budget, contradicting the promise President Joko Widodo previously made. In this scenario, Kereta Api Indonesia (KAI), which has now been named as the new leader of the consortium replacing Wijaya Karya, will receive fresh funds through state capital participation (PMN). The regulation will a...
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