Indonesia Stuck With China's High-Speed Train Project
Cost overruns rise question whether project is viable
Cost overruns of Indonesia’s high-speed rail project have far exceeded the initial target, now swelling to US$1.2 billion and forcing the government in Jakarta into negotiations with China Development Bank (CDB) to fund the excess costs. Given the delays in construction and the huge costs being borne by the government, many are questioning the worth of …
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