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Indonesia Takes Control of Whoosh High-Speed Rail Line
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The Indonesian government is preparing to take over a majority stake in the operator of the $7.3 billion Whoosh high-speed rail project, implemented under the Belt and Road Initiative with Chinese funding. The transfer of a 60% stake in the operation of the line, which serves between Jakarta and Bandung, to Indonesian state institutions is scheduled for September 15th. Along with the transfer, the project's outstanding debt obligations will also…
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