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Experts downplay China debt trap concerns for Indonesia over HSR project overruns
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The rail line is more than four years behind schedule, and the project's latest overrun budget was US$1.2 billion.
PHOTO: EPA-EFE
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JAKARTA -Indonesia’s fiscal stability makes it unlikely to fall into a debt trap over the Jakarta-Bandung railway’s ballooning construction costs, said analysts.
They dismissed fears that a 30-year extension to the concession awarded to a Sino-Indonesian consortium to operate the country’s first high-speed rail (HSR) line could potentially place the project under China’s influence until the start of the 22nd century.
