Who will shoulder the debts behind Indonesia’s China-backed Whoosh railway?
Indonesia’s finance ministry is preparing to absorb debt payments for Whoosh, the China-funded high-speed railway connecting Jakarta and Bandung, in a move officials say will ease financial pressure on the state-owned enterprises that built and operate the line. The government has argued that the burden is manageable after the debt was restructured over 80 years, requiring annual instalments of…
We haven't written up this one. South China Morning Post has the full story — the link below goes straight to it.
