JAKARTA -- The Indonesian government has entered into debt-restructuring negotiations with China over its high-speed rail project with losses mounting and little prospect of a turnaround after two years in service.
Belt and Road
Indonesia starts talks on high-speed rail project's debt with China
Money-losing service seen as 'ticking time bomb' with liabilities ballooning
Indonesia's Whoosh high-speed railway, the first in Southeast Asia, began commercial operation in October 2023. (Photo by Tomoyoshi Oshikiri)
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