Jakarta-Bandung Whoosh Fast Train Project Swelling Costs Covered by Loan from China Development Bank
Jakarta – Deputy Minister of BUMN Kartika Wirjoatmodjo confirmed that the cost overrun or swelling costs on the Jakarta-Bandung Whoosh Fast Train project had been covered. The funds came from a loan from PT Kereta Api Indonesia (Persero) (KAI) from the China Development Bank (CDB) totaling around US$ 448 million or Rp. 6.98 trillion. “The … Read more