Indonesia Scraps Bullet Train, Seeks Fresh China, Japan Bids
This article is for subscribers only.
Indonesia is scrapping a $6 billion plan for a high-speed train because it’s not commercially viable, and is asking bidders China and Japan to submit new proposals.
The government now wants a slower train capable of traveling at 200-kilometers (120 miles) per hour between the capital Jakarta and the third-biggest city Bandung, Rizal Ramli, the minister coordinating policy for transport told Bloomberg News Thursday. The need for new proposals, which could be 30 percent to 40 percent cheaper, will delay the decision by several weeks, he said in his first interview with international media since taking office last month.