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Economy

Indonesian high-speed rail project stalls, waiting on land

Surging prices, local objections hinder acquisitions needed for Chinese financing

Indonesian President Joko Widodo, center, inspects a model of the high-speed train which will connect the capital city of Jakarta to the country's fourth largest city, Bandung, during a groundbreaking ceremony for the construction of its railway in Cikalong Wetan, West Java, Indonesia in January 2017.
JUN SUZUKI and HIROSHI KOTANI, Nikkei staff writers | China

JAKARTA/BANGKOK -- A more than $5 billion high-speed rail project in Indonesia is stuck in the station amid difficulty obtaining land along the planned route from Jakarta to Bandung, potentially derailing Chinese financing for the endeavor.

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