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The joint venture is called PT Kereta Api Indonesia China, with 60% ownership of PSBI and 40% of China Railway International Company Limited. The company was formed on 16 October 2015 and is planned to prioritise commercialisation, not burden the state budget, and promote synergies between businesses. [9]
April: PT Kereta Cepat Indonesia-China (KCIC) and High-Speed Railway Contractor Consortium (KSRCC) signed an engineering, procurement, and construction (EPC) contract on the Jakarta – Bandung bullet train on April 4, 2017. Contractors will proceed with construction following the contract signing.
The $7.3 billion rail project connects the capital Jakarta to Bandung in West Java.
Indonesian President Joko Widodo on Monday inaugurated a $7.3 billion high-speed railway connecting the country's capital with the city of Bandung, a China-backed project that has been marred with ...
Indonesia is launching Southeast Asia’s first high-speed railway, a key project under China’s Belt and Road infrastructure initiative that will cut travel time between the capital and another ...
The railway connects Jakarta, the country's capital and largest city, with Bandung, the capital of West Java, with a total length of nearly 142.3 kilometres. PT. Kereta Cepat Indonesia China (KCIC), a joint venture between China and Indonesia, will be operating the railway.
Indonesian president Joko Widodo has launched Southeast Asia's first high-speed railway which started its commercial operations on Monday 2 October. The rail is a key project under China's Belt ...
In late September 2015, Indonesia awarded this multibillion-dollar railway project to China over Japan. [ 76 ] [ 77 ] The proposed high-speed rail will connect the nation's capital Jakarta with Bandung city in neighboring West Java province, covering a distance of 150 kilometers, and is also expected to expand further, connecting to Indonesia's ...