JAKARTA -- A railway system under construction in Greater Jakarta avoided hitting the brakes Friday after Indonesia's top ministers put together a funding scheme for the 29.9 trillion rupiah ($2.14 billion) project.
Ministers told reporters Friday night that they agreed on state railway operator Kereta Api Indonesia shouldering much of the project cost, or 25.7 trillion rupiah, via an equity injection and a syndicated loan. State construction company Adhi Karya will cover the remaining 4.2 trillion rupiah.
