Indonesia completes debt restructuring plan for China-funded high speed train
China will still have shares in the project after the restructuring
Add BT as a preferred source
本文由AI辅助翻译
[JAKARTA] Indonesia has completed a plan to restructure the debt of the country’s high speed train company, chief operating officer of sovereign fund Danantara Indonesia Dony Oskaria said on Tuesday (Apr 7).
Construction of the US$7.3 billion China-backed, 142-kilometre high-speed railway began in 2016, and it was launched in 2023 by Indonesian President Joko Widodo. The bullet train is named “Whoosh”.
Indonesia said last year it had entered negotiations with China on the debt renegotiation, though Dony did not say whether China agreed with the plan announced on Tuesday.
The project to connect the capital Jakarta and Bandung in West Java faced problems, including land procurement issues, pandemic-related delays and ballooning costs.
China will still have shares in the project after the restructuring, which will be announced in more detail in the next two weeks, Dony added. REUTERS
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Share with us your feedback on BT's products and services
TRENDING NOW
‘I felt like dying’: Thai Singha beer scion speaks up after disclosure of alleged sexual abuse
CDL, Hong Realty outbid 3 other bidders with S$542.4 million offer at S$1,865 psf ppr for Peck Hay plot
Private equity giant Carlyle can grow bigger but needs to stay on its toes: co-founder David Rubenstein
Evergrande’s liquidation prompts some PwC partners to shield assets, contemplate divorce
