Indonesia is set to launch Southeast Asia's first high-speed railway, a delayed multibillion-dollar project backed by China.
JAKARTA — Indonesia is set to launch Southeast Asia's first high-speed railway on Monday, a delayed multibillion-dollar project backed by China that will cut travel between the capital Jakarta and another major city by hours.
President Joko Widodo has lauded the project for the fast ride it will provide between the two cities on Indonesia's most populous island Java, and he will inaugurate it on Monday, according to local media reports, citing officials. The train can reach speeds up to 350 kilometers per hour and has cost a joint Chinese-Indonesian venture more than $7 billion to build.
It was set to cost less than $5 billion and be built by 2019 but delays due to construction issues and the Covid-19 pandemic saw costs spike.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Indonesia to launch China-funded high-speed rail, first in Southeast AsiaIndonesia is set to launch Southeast Asia's first high-speed railway on Monday, a delayed multibillion-dollar project backed by China that will cut travel between capital Jakarta and another major city by hours.
Read more »
Davao Durian farmers gear up for first Philippine Asia Durian SummitThe durian farmers in Davao City are at the height of preparations for the first-ever Philippine Asia Durian Summit slated on October 25-27, 2023 at SM Lanang Premier’s SMX Convention Center. Organized by the Durian Industry Association of Davao City (DIADC), the summit is targeting to gather 1,
Read more »
China debuts its first overwater high-speed trainThe latest addition to the country’s portfolio is a 277-kilometer (172-mile) high-speed train line along the southeastern coast, connecting the cities of Zhangzhou, Xiamen and Fuzhou, all three of which are in Fujian province.
Read more »
SM Investments named one of Asia’s outstanding firmsSM Investments Corp., one of the leading conglomerates in the Philippines, was named one of Asia’s Outstanding Companies for ESG
Read more »