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China-made bullet train in Indonesia overruns budget by up to US$2 billion

SCMP, 14 Oct 2022
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A China-funded high-speed rail project in Indonesia is on track to launch in 2023, despite being over-budget by up to US$2 billion, according to the construction consortium PT Kereta Cepat Indonesia China (KCIC) on October 13, 2022. China, however, estimated the budget overrun to be less than US$1 billion, a discrepancy that KCIC has admitted needs resolving.

Related story:
Indonesia’s China-built rail link chugs along despite overshooting budget https://sc.mp/19s2

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