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CDB to extend USD4.5 billion for Jakarta-Bandung HSR, Indonesia [free access]

May 15, 2017

China Development Bank (CDB) and PT Kereta Cepat Indonesia-China (KCIC) have signed a USD4.5 billion loan to finance Jakarta-Bandung high-speed rail (HSR), Indonesia's first HSR project. The project cost of USD6 billion (increased from USD5.5 billion) will be funded by CDB loan (75 per cent) and KCIC (25 per cent).


KCIC is a joint venture (JV) of PT Pilar Sinergi BUMN Indonesia consortium (comprises PT Wijaya Karya, PT Jasa Marga, PT Perkebunan Nusantara VIII and PT Kereta Api Indonesia) and China Railway Corporation consortium (comprises China Railway International Company Limited, China Railway Group Limited, Sinohydro Corporation Limited, CRRC Corporation Limited and China Railway Signal and Communication Corporation).


The HSR line will span 142.3 km and cover eight stations. Trains will operate at a speed of 350 km/hr. Construction is expected to be completed by end-2018 and revenue service is expected to start by early 2019. The end-to-end journey time will be 45 minutes. The HSR will be later integrated at both ends with the mass rapid transit (MRT) system in Jakarta and the light-rail transit (LRT) in Bandung.