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China, Indonesia launch joint-venture for Jakarta-Bandung railway project

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2015-10-16 13:02Xinhua Editor: Mo Hong'e

发改委:中国印尼企业签署雅万高铁合资协议

国家发展改革委新闻发言人16日在北京表示,由中国铁路总公司牵头的中国企业联合体与印尼国有建设公司(WIKA)牵头的印尼国有企业联合体,当日在印尼首都雅加达签署了雅万高铁合资协议。根据该协议,雅万高铁项目将由中印尼合作建设。

Senior officials of Chinese and Indonesian consortiums signed an agreement on Friday to launch a joint venture for a high-speed railway linking Jakarta with West Java provincial capital of Bandung.

The deal was signed by Chairman of PT Pillar Sinergi BUMN Indonesia Sahala Lumban Gaol and Yang Zhongmin, chairman of China Railway Co. Ltd. at a ceremony attended by Chinese Ambassador Xie Feng.

The 5.5-billion-U.S. dollar project will be conducted on business to business basis, in which the Indonesian side controls 60 percent of the joint venture's stake, while the Chinese partner controls the remaining 40-percent share.

"This is a brand new episode in Indonesia, particularly in transportation project as it will further boost economic activities in areas along the corridor served by the high-speed train that eventually contribute to the national economic growth," Sahala said.

The 150-km high-speed railway is expected to have a speed of between 200 to 250 km per hour.

The railway is the first transportation project in the country conducted solely on business basis and without any fund from government's budget.

Sahala also expected the Indonesia-China joint venture to expand its service to similar projects in Southeast Asia and Middle East in the future.

The Chinese partner was also willing to provide transfer of technology (TOT), which would build facilities to produce high-speed trains in Indonesia and supply them to new markets served by the joint venture, he added.

 

  

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