Indonesia eyes China for massive 2,772km railway project – with caution
AI Summary
Indonesia is exploring Chinese investment to develop a vast 2,772 km railway network across resource-rich Kalimantan. Despite the potential benefits, analysts advise caution given financial challenges experienced in prior projects like the Jakarta-Bandung high-speed line.
Indonesia is considering Chinese investment to help build a massive 2,772km (1,722 mile) railway network through the vast, resource-rich region of Kalimantan, following the completion of Southeast Asia’s first high-speed line between Jakarta and Bandung, state media and analysts said. However, analysts noted that any future commercial agreements were likely to be negotiated cautiously, given the financial strains that dogged the high-speed line and the challenges that stalled a proposed...