12-08-2015, 10:28 AM
Asia smaller countries' infrastructure projects benefited from the "race" between China and Japan. A US$ loan with a 50-year tenure, and 2 per cent interest rate, should be an attractive deal...
In race with Japan, China sweetens bid for Indonesia railway
JAKARTA — China has sweetened its bid in a race with Japan to win the construction contract for a high-speed railway connecting Jakarta to the city of Bandung, Indonesia said today (Aug 11).
President Joko Widodo told reporters today the government had hired private consultants to consider the rival proposals for Indonesia's first bullet-train connection and would announce the winner at the end of the month.
The Jakarta Post reported that Japan, which began talks several years ago on building the 150km line, had estimated the cost at at least US$4.4 billion (S$6.16 billion).
Mr Oura Daisuke, a representative with Japan International Cooperation Agency in Indonesia, told Reuters that Japan had offered a 40-year loan at a 0.1 per cent interest rate and with a 10-year grace period. He declined to reveal the loan amount.
China has now improved its initial bid, offering a US$5.5 billion loan with a 50-year tenure, a 2 per cent interest rate and a grace period, Indonesian Development Planning Minister Andrinof Chaniago told reporters today after meeting China's Minister of the National Development and Reform Commission, Mr Xu Shaoshi.
China had initially proposed a US$4 billion loan with a lending period of 25 years and an annual interest rate of 2 per cent, the Jakarta Globe reported.
"There are a lot of changes making (the new proposal) better," Dr Chaniago said.
...
http://www.todayonline.com/singapore/rac...ia-railway
In race with Japan, China sweetens bid for Indonesia railway
JAKARTA — China has sweetened its bid in a race with Japan to win the construction contract for a high-speed railway connecting Jakarta to the city of Bandung, Indonesia said today (Aug 11).
President Joko Widodo told reporters today the government had hired private consultants to consider the rival proposals for Indonesia's first bullet-train connection and would announce the winner at the end of the month.
The Jakarta Post reported that Japan, which began talks several years ago on building the 150km line, had estimated the cost at at least US$4.4 billion (S$6.16 billion).
Mr Oura Daisuke, a representative with Japan International Cooperation Agency in Indonesia, told Reuters that Japan had offered a 40-year loan at a 0.1 per cent interest rate and with a 10-year grace period. He declined to reveal the loan amount.
China has now improved its initial bid, offering a US$5.5 billion loan with a 50-year tenure, a 2 per cent interest rate and a grace period, Indonesian Development Planning Minister Andrinof Chaniago told reporters today after meeting China's Minister of the National Development and Reform Commission, Mr Xu Shaoshi.
China had initially proposed a US$4 billion loan with a lending period of 25 years and an annual interest rate of 2 per cent, the Jakarta Globe reported.
"There are a lot of changes making (the new proposal) better," Dr Chaniago said.
...
http://www.todayonline.com/singapore/rac...ia-railway
“夏则资皮,冬则资纱,旱则资船,水则资车” - 范蠡