Author Topic: Indonesian 'Belt and Road' high-speed rail link expects $18 billion windfall  (Read 988 times)

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Indonesian 'Belt and Road' high-speed rail link expects $18 billion from satellite towns
Cindy Silviana, Fanny Potkin
3 MIN READ

https://www.reuters.com/article/us-indonesia-train-beltandroad/indonesian-belt-and-road-high-speed-rail-link-expects-18-billion-from-satellite-towns-idUSKCN1S61FT

JAKARTA (Reuters) - The Indonesian-Chinese consortium building a high-speed rail link between the capital Jakarta and the textiles hub of Bandung expects to earn $18 billion developing satellite towns and industrial centers along the line, a company official said.

The rail project, part of Beijing’s Belt and Road Initiative (BRI) to connect China with Asia, Europe and beyond was described last month by China’s ambassador to Indonesia, Xiao Qian, as “the first high-speed rail of Southeast Asia”.

After nearly three years of delays over land ownership disputes, construction on the rail line, which is financed principally by a $4.5 billion loan from China’s Development Bank, finally kicked into gear in 2018.

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