Indonesia government to take over state firm's stake in troubled China-funded high-speed railway
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Indonesia's government, led by Finance Minister Purbaya Yudhi Sadewa, plans to appoint an agency to take over a 60% stake in PT KCIC, the operator of the troubled China-funded high-speed railway project, aiming to manage and stabilize the venture.
Indonesia's Finance Minister Purbaya Yudhi Sadewa said that he will appoint an agency under his ministry to take over a 60 per cent stake in PT KCIC, the company that operates the bullet train.
World Politics Deals Real Estate Indonesia PT KCIC high-speed railway China funding government stake finance ministry