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A few days ago, according to sources involved in the decision-making of the Indonesian government high-speed rail project, in the fierce competition for Indonesia's first high-speed rail project, the Indonesian government is currently more inclined to win the bid
by China.
The Indonesian side said that China has significantly reduced the financial burden of the Indonesian government, and the previous high-speed rail safety issues have been explained in detail, and Indonesia wants to maintain a balance
between China and Japan.
Initially, Japan's Shinkansen was seen as the strongest bidder due to its long running time and excellent safety, and a feasibility study was carried out first, but then China's rapid construction speed and strong financial background led to a strong offensive against Indonesia's Yawan high-speed railway from 2015
.
According to relevant media reports in Singapore, China offered a full loan of US$5.
5 billion for the project, "without the Indonesian government budget and debt guarantee", provided a loan with an annual interest rate of 2%, with a repayment period of 50 years, and promised to lay the foundation stone in September this year and be fully operational by 2019
.
Japan, which is deeply threatened, has reduced the total construction cost to US$4.
9 billion with a 40-year repayment period, and proposed that 75% of it can provide a 0.
1% low-interest yen loan, shortening the construction period from completion in 2026 to trial operation in 2019 and completion
in 2021.
Some analysts believe that China and Japan have clashed frequently in the "battlefield" of Southeast Asia in recent years, and Indonesia is happy to see that the two sides are equally divided, and does not want any one to be the bigger
.
A cabinet-level committee headed by Darmin Nasution, Indonesia's coordinating minister for economy, will meet to recommend which country should contract to build the railway
between Jakarta and Bandung.
Indonesian President Joko Widodo is expected to announce the winner
within days.
12Next View full article
A few days ago, according to sources involved in the decision-making of the Indonesian government high-speed rail project, in the fierce competition for Indonesia's first high-speed rail project, the Indonesian government is currently more inclined to win the bid
by China.
The Indonesian side said that China has significantly reduced the financial burden of the Indonesian government, and the previous high-speed rail safety issues have been explained in detail, and Indonesia wants to maintain a balance
between China and Japan.
Initially, Japan's Shinkansen was seen as the strongest bidder due to its long running time and excellent safety, and a feasibility study was carried out first, but then China's rapid construction speed and strong financial background led to a strong offensive against Indonesia's Yawan high-speed railway from 2015
.
According to relevant media reports in Singapore, China offered a full loan of US$5.
5 billion for the project, "without the Indonesian government budget and debt guarantee", provided a loan with an annual interest rate of 2%, with a repayment period of 50 years, and promised to lay the foundation stone in September this year and be fully operational by 2019
.
Japan, which is deeply threatened, has reduced the total construction cost to US$4.
9 billion with a 40-year repayment period, and proposed that 75% of it can provide a 0.
1% low-interest yen loan, shortening the construction period from completion in 2026 to trial operation in 2019 and completion
in 2021.
Some analysts believe that China and Japan have clashed frequently in the "battlefield" of Southeast Asia in recent years, and Indonesia is happy to see that the two sides are equally divided, and does not want any one to be the bigger
.
A cabinet-level committee headed by Darmin Nasution, Indonesia's coordinating minister for economy, will meet to recommend which country should contract to build the railway
between Jakarta and Bandung.
Indonesian President Joko Widodo is expected to announce the winner
within days.
12Next View full article
12Next View full article
