Economy in brief: KCIC negotiates land clearance with CDB


Jakarta   /  Fri, November 11 2016  /  09:17 am

JAKARTA: The joint Indonesian-Chinese firm Kereta Cepat Indonesia China (KCIC) has revealed that it is still negotiating its land clearance target with the Chinese Development Bank (CDB) to access a loan for the country’s first high-speed train service connecting Jakarta and Bandung, West Java.

KCIC president director Hanggoro Budi Wiryawan said the bank expected 100-percent land clear...