• Home
  • Politics
  • Health
  • World
  • Business
  • Finance
  • Tech
  • More
    • Sports
    • Entertainment
    • Lifestyle
What's Hot

I’m 44 with $1.3 million in my 401(k) — can I stop contributing and still retire in 15 years?

August 22, 2026

“You Are 1% of This Nation…This City Is No Longer Under American Law…Enough is Enough!” – Christian Pastor Absolutely EXPLODES on Dearborn City Council During Meeting (VIDEO)

August 22, 2026

DSA Candidates Repeatedly Can’t Give ‘Basic Facts’ About How Their Beliefs Work

August 22, 2026
Facebook Twitter Instagram
  • Contact
  • Privacy Policy
  • Terms & Conditions
Saturday, August 22
Patriot Now NewsPatriot Now News
  • Home
  • Politics

    “You Are 1% of This Nation…This City Is No Longer Under American Law…Enough is Enough!” – Christian Pastor Absolutely EXPLODES on Dearborn City Council During Meeting (VIDEO)

    August 22, 2026

    Starbucks Headquarters in Seattle Lays Off Hundreds as They Prepare to Send Jobs to Nashville * The Gateway Pundit * by Mike LaChance

    August 22, 2026

    JD Vance Tears Into Minnesota Governor Tim Walz for Trying to Protect a Child Predator (VIDEO) * The Gateway Pundit * by Mike LaChance

    August 22, 2026

    Trump Plans To Campaign For Months Before The Midterm

    August 22, 2026

    Elizabeth Warren Proves She Has No Idea How the Basic Concept of ‘Supply and Demand’ Works * The Gateway Pundit * by Mike LaChance

    August 22, 2026
  • Health

    Cannabis Use Disorder Is Rising— Public Health Needs To Catch Up

    August 21, 2026

    New clues emerge in direction of RFK Jr.’s vaccine policy changes

    August 21, 2026

    Ebola vaccine, Meta glasses, prostate cancer: Morning Rounds

    August 21, 2026

    What We Can Learn From Taiwan And Egypt About Ending Endemic Disease

    August 21, 2026

    Science, risks and data behind focal therapy for prostate cancer

    August 21, 2026
  • World

    U.S. Academic Who Exposed Alleged Jason Arday Plagiarism Suspended

    August 22, 2026

    Hayden Panettiere’s Ex Releases Statement Following Her Death

    August 22, 2026

    Kim Jong-un’s Sister Mocks South Korea, Confirms Brother’s Relationship with Trump Is ‘Excellent’

    August 22, 2026

    JD Vance Blames Biden For $40 Trillion U.S. Debt Crisis

    August 22, 2026

    Chinese Company Seeks $1.5 Billion in Damages over Panama Canal Port Ouster

    August 22, 2026
  • Business

    ATF Rule Could Cause Classic Showdown Between Mom And Pop Shops Versus Online Retailers

    July 10, 2026

    Costco Shows That You Can Build A Thriving Business With One Simple Trick (Pay Your Workers)

    July 9, 2026

    The Agency Elizabeth Warren Built Now Advances Trump’s Agenda

    July 9, 2026

    Meta To Shell Out Billions For New AI Data Center Outside US

    July 9, 2026

    How Big Banks Are Scheming To Jack Up Your Fees

    July 8, 2026
  • Finance

    I’m 44 with $1.3 million in my 401(k) — can I stop contributing and still retire in 15 years?

    August 22, 2026

    Bond market sends rates scrambling

    August 22, 2026

    Silver pushes higher on weaker dollar

    August 22, 2026

    Cryptos continue rally sparked by Treasury repurchase announcement

    August 22, 2026

    Earn 2% cash back or more on every purchase

    August 22, 2026
  • Tech

    James Talarico Shuts Out Local News at Campaign Event

    August 22, 2026

    Darth Vader Shows Up at San Diego City Council Meeting to Mock Flock Cameras

    August 22, 2026

    ‘Grand Theft Auto 6’ Clips Point to Leakers Having Full Playable Build of Blockbuster Game

    August 21, 2026

    Meta Whistleblower Testifies Meta Took ‘Don’t Ask, Don’t Tell’ Approach to Child Safety

    August 21, 2026

    Expert Witness Caught Red-Handed Using ChatGPT to Create Report for 3M Explosion Lawsuit

    August 21, 2026
  • More
    • Sports
    • Entertainment
    • Lifestyle
Patriot Now NewsPatriot Now News
Home»Finance»Indonesian President Inaugurates Southeast Asia’s First High-speed Railway
Finance

Indonesian President Inaugurates Southeast Asia’s First High-speed Railway

October 3, 2023No Comments5 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Indonesian President Inaugurates Southeast Asia’s First High-speed Railway
Share
Facebook Twitter LinkedIn Pinterest Email
Advertisement

Indonesia’s President Joko “Jokowi” Widodo yesterday launched his country’s – and Southeast Asia’s – first high-speed railway, a milestone both for his administration and for the Belt and Road Initiative (BRI), Chinese leader Xi Jinping’s signature foreign policy scheme.

The $7.3 billion rail line, which links the capital Jakarta to the city of Bandung in West Java, will help ease congestion in western Java, one of the world’s most congested travel corridors. With a maximum speed of 350 kilometers per hour, the train will cut travel time between the two cities from three hours to around 40 minutes.

In remarks he delivered to the press on the platform of Jakarta’s Halim station, the line’s western terminus, Jokowi announced that the railway would officially be named “Whoosh,” an acronym for the Indonesian phrase “Waktu Hemat, Operasi Optimal, Sistem Handal,” which means “timesaving, optimal operation, reliable system.”

“The Jakarta-Bandung high-speed train marks the modernization of our mass transportation, which is efficient and environmentally friendly,” Jokowi said, as per The Associated Press.

“Our courage to try new things gives us confidence and the opportunity to learn and will be very useful for the future, making our human resources more advanced and our nation more independent.”

Enjoying this article? Click here to subscribe for full access. Just $5 a month.

Jokowi and other senior government officials rode the sleek Chinese-made locomotive from Halim station to Padalarang station, which is located around 30 kilometers outside Bandung. According to the AP, the “trains have been modified for Indonesia’s tropical climate and are equipped with a safety system that can respond to earthquakes, floods, and other emergency conditions.” The 209-meter train has a capacity of 601 passengers, it added.

See also  Regulators' proposed prediction markets rules ban trading on terrorism, assassinations

Luhut Pandjaitan, the coordinating minister overseeing the project, said at the launch that free trial rides, which have been under way since the second week of September, will be extended until the middle of this month, when ticketing will be implemented. The prices of tickets have not been finalized, but the company behind the train estimates that a one-way ticket could cost between 250,000 and 350,000 Indonesian rupiah ($16 to $22.60).

The project, which was spearheaded by PT Kereta Cepat Indonesia China (KCIC), a joint venture between a consortium of four Indonesian state-owned companies and China Railway International Co. Ltd., has experienced a series of delays and cost overruns since its inception in 2015. At the time, the project was initially slated to be completed by 2019, at a cost $5.5 billion. That has since increased considerably due to the COVID-19 pandemic and complications in land acquisition.

Advertisement

In 2021, “Jokowi” announced that his government would use the state budget to cover the excess costs of the project, overriding a 2015 decree that barred the use of state funds in the construction of the railway. In February, the Indonesian and Chinese governments agreed on a cost overrun of 18 trillion rupiah (around $1.2 billion), down from the more than $2 billion previously expected.

While much of the Western (and, unsurprisingly, Japanese) media coverage has focused on the project’s problems, particular its spiraling budget, the completion of the first high-speed railway in Southeast Asia marks a watershed not just for China’s BRI but also for regional transport infrastructure writ large.

See also  'Entirely possible' 'Indiana Jones' could become a female-led franchise, Lucasfilm president Kathleen Kennedy says

The line comes two years after the completion of another China-backed railway in Laos, which connects the country’s capital Vientiane to Kunming, the capital of Yunnan province in southern China. While often described as “high-speed,” the Laos-China railway, which runs through northern Laos’ rugged terrain, has a maximum top speed of 160 kilometers per hour.

However impressive as a feat of engineering, the ultimate profitability of the project remains unclear, given the limited length of the line and the fact that the existing road and rail connections will likely remain more affordable to the majority of Indonesians.

As my colleague James Guild wrote recently, “the real prize” for Jokowi’s administration, and the reason that it opted for the Chinese bid over a competing Japanese one back in 2015, “was to secure the transfer of technology, skills, and operational know-how so that one day Indonesian rail and construction companies can improve their position on the techno-industrial frontier.” Indeed, Luhut made the same argument in comments to the media yesterday. As Guild wrote, it is on this criterion that the ultimate success of the project will be judged.

Looking forward, the Indonesian government has plans to extend the line all the way to the metropolis of Surabaya in East Java, some 781 kilometers to Jakarta’s east. As Indonesia’s “incumbent” high-speed rail partner, one would expect that China is in the box seat to lead the development of the new line, but given the debate that has accompanied the construction of the first stage, there will no doubt be much debate and calls for the government to hold an open bid for the project. Much also depends on who succeeds Jokowi as Indonesia’s president after next year’s election.

See also  Berkshire Hathaway’s latest stock purge sends a clear message
Asias HighSpeed Inaugurates Indonesian President Railway Southeast
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

I’m 44 with $1.3 million in my 401(k) — can I stop contributing and still retire in 15 years?

August 22, 2026

Bond market sends rates scrambling

August 22, 2026

Silver pushes higher on weaker dollar

August 22, 2026

Cryptos continue rally sparked by Treasury repurchase announcement

August 22, 2026
Add A Comment

Leave A Reply Cancel Reply

Top Posts

Jill Biden Inviting Iowa Team to White House Could Cost Joe Biden Black Votes in 2024

April 9, 2023

The Modern Guide To Proposals

November 21, 2025

How Banks And The Fed Are Preparing For A US Default

May 17, 2023

The IPO downturn is in the 7th inning and a real pickup could arrive soon, Sixth Street CEO says

August 31, 2023
Don't Miss

I’m 44 with $1.3 million in my 401(k) — can I stop contributing and still retire in 15 years?

Finance August 22, 2026

Quick Read At 7% annual growth, $1.3 million compounds to roughly $3.59 million in 15…

“You Are 1% of This Nation…This City Is No Longer Under American Law…Enough is Enough!” – Christian Pastor Absolutely EXPLODES on Dearborn City Council During Meeting (VIDEO)

August 22, 2026

DSA Candidates Repeatedly Can’t Give ‘Basic Facts’ About How Their Beliefs Work

August 22, 2026

U.S. Academic Who Exposed Alleged Jason Arday Plagiarism Suspended

August 22, 2026
About
About

This is your World, Tech, Health, Entertainment and Sports website. We provide the latest breaking news straight from the News industry.

We're social. Connect with us:

Facebook Twitter Instagram Pinterest
Categories
  • Business (4,399)
  • Entertainment (6,409)
  • Finance (4,690)
  • Health (2,775)
  • Lifestyle (1,921)
  • Politics (4,323)
  • Sports (5,124)
  • Tech (2,543)
  • Uncategorized (4)
  • World (6,540)
Our Picks

McCarthy calls out reporter for blinding problem in attempt to pit him against his own party: ‘You haven’t quoted anybody’

July 26, 2023

Is China Killing Its Fledgling Golden Geese?

October 26, 2023

‘American Idol’ Judge Praises Contestant for Outspoken Christian Faith

May 7, 2023
Popular Posts

I’m 44 with $1.3 million in my 401(k) — can I stop contributing and still retire in 15 years?

August 22, 2026

“You Are 1% of This Nation…This City Is No Longer Under American Law…Enough is Enough!” – Christian Pastor Absolutely EXPLODES on Dearborn City Council During Meeting (VIDEO)

August 22, 2026

DSA Candidates Repeatedly Can’t Give ‘Basic Facts’ About How Their Beliefs Work

August 22, 2026
© 2026 Patriotnownews.com - All rights reserved.
  • Contact
  • Privacy Policy
  • Terms & Conditions

Type above and press Enter to search. Press Esc to cancel.