JAKARTA: A consortium of Indonesian and Chinese companies building Indonesia’s first high-speed railway has signed a US$4.5bil loan with China Development Bank, Indonesia’s government said.
The head of the consortium, Hanggoro Budi Wiryawan, and the chairman of China Development Bank, Hu Huaibang, signed the loan in Beijing on Sunday, during a bilateral meeting between Indonesian President Joko Widodo and China’s President Xi Jinping, according to a statement issued by Widodo’s office.
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