Indonesia to Shift Controlling Stakeholder of China-Funded Whoosh Railway to Finance Ministry Next Week
Indonesia’s government is set to complete a major restructuring of ownership over the country’s troubled Jakarta-Bandung high-speed rail project by mid-September, transferring the controlling 60 percent stake away from the state-owned enterprise consortium that has held it since construction and placing it directly under the Finance Ministry instead. The move, confirmed this week by Finance … Read more