Indonesia looks for more funds as bill for China-backed rail project balloons by US$2 billion

September 7, 2021 0 Comments

Jackpot hari ini Result HK 2020 – 2021.

[unable to retrieve full-text content]

The construction of the Jakarta-Bandung high-speed railway – part of Beijing’s Belt and Road Initiative infrastructure scheme – is facing a cost overrun of nearly US$2 billion and a number of other challenges, including ineffective communications between the Indonesian and Chinese sides.The project’s estimated cost has increased to US$7.9 billion, up from its initial budget of around US$6 billion, due to price changes for the likes of materials and machinery, as well as delays caused by land…