Indonesian minister Luhut brings back deals on railways, industrial park from Beijing trip

Construction continues on the Sepaku Semoi Dam in North Penajam Paser, East Kalimantan, as seen in this aerial photo taken on Feb 21. - Antara

JAKARTA (The Jakarta Post/Asia News Network): Indonesia Coordinating Maritime Affairs and Investment Minister Luhut Pandjaitan's three-day visit to Beijing until April 6 concluded with agreements with China, including the Jakarta-Bandung high-speed railway and the development of a green industrial park in North Kalimantan.

Luhut said on Monday (April 10) both countries had agreed on a US$560 million loan from China Development Bank (CDB) that will bear some part of the $1.2 billion cost-overrun plaguing the high-speed railway project, which figure also concluded in the visit after months unresolved discrepancy between the two.