The Jakarta Post
The Indonesian government is recalculating the investment needed to develop the high-speed railway that is expected to connect Jakarta and Bandung in West Java.
The government needs to recalculate the investment in light of a possible cost overrun caused by several technical issues related to old infrastructure and earthquake-damaged structures, said Coordinating Maritime Affairs Minister Luhut Pandjaitan.
“There is a Dutch colonial bridge on the tracks that has shifted due to seismic movements. China does not have experience in the matter,” he said at the State Palace in Central Jakarta on Tuesday.
Previously, State-owned Enterprises Minister Rini Soemarno denied on Tuesday that the China Development Bank (CDB) is withholding the disbursement of agreed-upon loans for the construction of the Jakarta-Bandung high-speed railway until all of the project's land has been acquired.
The CDB is expected to cover about 75 percent of the US$5.2 billion of the investment needed to complete the project. (bbn)