Wednesday 20 October 2021
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scmp - 25 days ago

Indonesia’s plan to build mega railway with China and Japan raises debt trap fears

Indonesia’s plan to involve Japan and China to build two separate routes for the same railway project has raised debt-trap fears and concerns that Jakarta’s ties with long-time investor Tokyo could weaken, analysts say.Japan was in 2019 granted the project to build a semi-high-speed rail link connecting capital Jakarta to Surabaya in East Java, Indonesia’s second-biggest city, despite lobbying by the state-owned China Railways Construction Corporation.But plans changed last year, with President…


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