Southeast Asia's first HRM to Provide 18 Billion Dollar Yield

guneydogu asia's first yhtsi billion dollars return will provide
guneydogu asia's first yhtsi billion dollars return will provide

The Indonesian-Chinese consortium is building a high-speed train (YHT) line between the Indonesian capital Jakarta and the textile center Bandung. According to the official statement, satellite cities and industry centers along the train line will be expected to yield 18 billion dollars.

The project, which is part of Beijing's Belt and Road Initiative (KYG) for connecting China, Asia, Europe and other countries, was projected last month by China's Ambassador to Indonesia Xiao Qian as birbir the first YHT of Southeast Asia Beijing .

There was a delay of three years due to the legal objections of the landowners. However, at 2018, China's Development Bank started its business with the 4,5 billion-dollar loan.

On the Indonesian side of KYG projects, public institutions such as WIKA function as investors. On the other hand, Indonesia owns the 60 of the line through the state railway company KAI; The Chinese side owns the rest through China Railway Engineering Corporation (China Railway Engineering Company).

The CEO of WIKA informed us that the 15 of the line is over and that the 2019 will be completed by the end of 60. Observers say it is planned to set up four new urban and industrial centers along the line of YHT ın in accordance with the Chinese procedure Gözlem. This is similar to the general model of China's urban creation, he noted.

An old tea plantation, previously visited by Reuters correspondents, will be transformed into a brand new city with a new university campus, covered with high blocks covering the 5.000 hectare.

Chinese and Indonesian officials say the success of this project will create a measure for future infrastructure collaboration. Mes This project will be the main project in terms of mutual benefit and cooperation between China and Indonesia and will help support local economic and social development,. One of Chinese Foreign Ministry spokespersons said.

Vice-President of Indonesia, Yusuf Kalla, recently headed a delegation to the KYG Forum in China, where he signed an agreement with the Chinese companies on an 91 billion-dollar infrastructure project.

Source: China International Radio

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