ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter

First rail project on Indonesia's Sulawesi island picks up steam

Consortium including Chinese company targets commercial operations next year

Indonesian President Joko Widodo, second from left, in November 2015 inspects a section of track that is part of a landmark railway project on the island of Sulawesi.   © Presidential Palace/AFP/Jiji

JAKARTA -- A long-delayed project to construct the first railway on the Indonesian island of Sulawesi is gaining traction, with contractors securing 693.8 billion rupiah ($48.5 million) in an Islamic law-compliant syndicated loan led by Bank Syariah Indonesia.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more