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.
Transportation
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
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