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View all search resultsKCIC
Companies 1 year ago
PREMIUM
KAI asks for government help to alleviate high-speed rail debt burden
Southeast Asia’s first HSR project cost around US$7.3 billion by the time of its completion, leaving state-owned enterprises (SOEs) involved in the project with a liability of $4.55 billion in debt taken out since 2017, plus another $560 million to cover a cost overrun last year, Reuters reported.
Regulations 1 year ago
PREMIUM
Jokowi urges China to expedite Surabaya HSR feasibility study: Retno
Foreign minister Retno said the President had met with her Chinese counterpart on Thursday to discuss economic cooperation between their two countries, including Whoosh and the joint feasibility study initiated late last year on extending the HSR track to Surabaya.
Economy 2 years ago
PREMIUM
Whoosh faces hefty deficit in first year of operation
Kereta Cepat Indonesia China (KCIC), the consortium responsible for the project, is seeking to close the gap through what it calls cash deficiency support (CDS), which experts say will most likely come from bank loans.
