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Companies 2 years ago
PREMIUM
Indonesian Whoosh consortium posts Rp 3.5 trillion H1 loss
Indonesian state-owned enterprises (SOEs) booked Rp 3.53 trillion (US$221.8 million) in losses related to the operation of the Whoosh high-speed railway in the first half of this year, according to a financial report released by state-owned railway company PT Kereta Api Indonesia (KAI).
Companies 2 years ago
PREMIUM
KCI to import 8 more Chinese trains for Commuter Line
Commuter Line operator KCI is set to import another eight trains from China's CRRC for a total of 11 trains, after a retrofitting deal with local train manufacturer INKA was revised down from 19 to two trains, according to a spokesperson.
Companies 2 years 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.
Companies 2 years ago
PREMIUM
Passenger target eludes Greater Jakarta LRT
The Greater Jakarta LRT is proving less popular than hoped, prompting state-owned railway operator PT Kereta Api Indonesia (KAI) to hold back on plans to increase the frequency of its services next month, a company official said on Wednesday.
Archipelago 2 years ago
PREMIUM
KAI to evaluate operational procedures after investigation of fatal train crash
State-owned railway company Kereta Api Indonesia (KAI) will evaluate its operational procedures after a National Transportation Safety Committee (KNKT) investigation found that both a signaling error and human factors led to last month’s fatal train crash in West Java.
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