KONTAN.CO.ID - JAKARTA. Indonesia and China have agreed to a budget overrun to the tune of $1.2 billion for the first high-speed railway project in the Southeast Asian country, an Indonesian government official told parliament on Monday. The project was previously estimated to be $2 billion over budget, raising the total cost to 113 trillion rupiah ($7.36 billion), according to the consortium of Indonesian and Chinese state companies building the railway, known as PT KCIC. Baca Juga: Indonesia Court Sentences Former Police General to Death Over Murder Plot
Indonesia, China Agree $1.2 bln Cost Overrun for High-Speed Train - Official
KONTAN.CO.ID - JAKARTA. Indonesia and China have agreed to a budget overrun to the tune of $1.2 billion for the first high-speed railway project in the Southeast Asian country, an Indonesian government official told parliament on Monday. The project was previously estimated to be $2 billion over budget, raising the total cost to 113 trillion rupiah ($7.36 billion), according to the consortium of Indonesian and Chinese state companies building the railway, known as PT KCIC. Baca Juga: Indonesia Court Sentences Former Police General to Death Over Murder Plot