Posted inAT Finance, China, Indonesia, Japan, Middle East, Northeast Asia, South Asia, World

Indonesia high-speed train, backed by China, comes untracked

Land, finance and security issues have dogged the much ballyhooed Rp68 trillion (US$5.1 billion) Jakarta-Bandung high-speed rail project, Indonesian President Joko Widodo’s signature infrastructure undertaking. His government, keen to bridge a yawning infrastructure gap, awarded the contract to Chinese developers two years ago. Construction was meant to have begun last year, with an ambitious completion […]