Japan has lost to China in bidding to build Indonesia’s first high-speed railway, Japan Times informs. Sofyan Djalil, head of the Indonesian National Development Planning Agency, told Chief Cabinet Secretary Yoshihide Suga that Indonesia planned to welcome the Chinese proposal, Suga said at a news conference.
Jakarta dropped both Chinese and Japanese high-speed railway construction proposals early this month, citing the high cost of each, and offered to consider instead a cheaper medium-speed railway. But Sofyan told Suga that China recently submitted a new proposal to build the high-speed rail link between Jakarta and the West Java provincial capital of Bandung without requiring Indonesian fiscal spending or government debt guarantees.
According to Suga, the feasibility of the Chinese proposal to build the railway without Indonesian funding it is estimated to cost 78 trillion rupiah (USD 5.3 billion).
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