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View all search resultsRailway operator PT KAI secures a US$542.7 million loan from China Development Bank to cover cost overrun of the Jakarta-Bandung high-speed rail project with a government guarantee and 45-year tenure.
In an effort to strike a balance between real cost and consumer purchasing power, the government has decided to subsidize the Jakarta-Bandung high speed railway (KCJB), a decision that experts question given the railway's upper middle class target market.
KCIC is banking on its new president director, Dwiyana Slamet Riyadi, considered somewhat of a "Renaissance man" in railway services, to speed up the problem-addled Jakarta-Bandung high-speed railway project toward a 2022 completion date.
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