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View all search resultsChina Development Bank (CDB) is planning to disburse US$1.1 billion in the second phase of construction for the Jakarta-Bandung high-speed railway project. The first phase, involving a loan of $170 million, took place in May.
State-owned construction company PT Wijaya Karya (Wika) has said it will accelerate the construction of the Jakarta-Bandung high speed railway project after the China Development Bank (CDB) disbursed US$170 million on Friday, the first phase of the loan for the project.
The sharia subsidiary of state lender Bank Negara Indonesia (BNI), BNI Syariah, has disbursed a loan of Rp 168 billion (US$12.62 million) to operators of the Jakarta-owned bus management company, PT Transportasi Jakarta (Transjakarta), to procure additional vehicles.
Unfinished land acquisition for the 142.3-kilometer high-speed railway connecting Jakarta and the West Java capital of Bandung has caused a delay in the disbursement of loans for the project from the Chinese government.
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