ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print
Belt and Road

Belt and Roadblocks: More of China's borrowers fall into distress

Indonesia worries about whether it might fall into Sri Lanka-like debt trap

What appears to be a railroad terminus station building in Jakarta projects an unfinished appearance years after trains were supposed to begin rolling. (Photo by Anna Nishino)

TOKYO -- It ripped through the corridors of Indonesia's government like a shock wave: Kereta Cepat Indonesia China, which is 40% owned by Chinese concerns, in December proposed adding another 30 years to its 50-year concession of a high-speed railway under construction in Java.

If the Indonesian government cannot turn down the proposal, the railway would be under China's influence until early in the 22nd century.

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