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Indonesia wants Chinese lender to fund overrun for high-speed rail line

The Jakarta-Bandung project has seen a cost increase of nearly $2 billion, officials say. ....

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Countdown to the Chinese Digital Century: Global Guide to the Belt and Road Initiative (BRI)

Countdown to the Chinese Digital Century: Global Guide to the Belt and Road Initiative (BRI)
prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.

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Countdown to the Chinese Digital Century: Global Guide to the Belt and Road Initiative (BRI)

Countdown to the Chinese Digital Century: Global Guide to the Belt and Road Initiative (BRI)
prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.

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Concurso para modernizar Ferrocarril Huancayo-Huancavelica se declaró desierto

Concurso para modernizar Ferrocarril Huancayo-Huancavelica se declaró desierto
larepublica.pe - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from larepublica.pe Daily Mail and Mail on Sunday newspapers.

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Indonesian companies ask China to up stake in high-speed rail project as its Covid-19 total nears 1.6 million

JAKARTA, April 17 (Reuters): As Indonesia s Covid-19 total reached 1,599,763-total on Saturday after 5,041 ... new cases was recorded; Indonesian state companies building a Chinese-funded high-speed rail line are negotiating for Beijing to increase its stake in the project after budget overruns look set to boost costs by a fifth, a company executive said.
The 142 km (88 miles) rail project, connecting the capital Jakarta to Bandung, which is part of China s Belt and Road Initiative, was originally expected to cost 66.76 trillion rupiah ($4.57 billion) when awarded to a consortium of Chinese and Indonesian state firms in 2015.
Construction company Wijaya Karya has the biggest share in a 60% stake it co-owns with other Indonesian firms in the consortium, named PT KCIC. The China Railway Engineering Corporation and other Chinese companies control the rest. ....

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