Minister: China, Indonesia fast-train deal could be reached in Oct.

Indonesian State-owned Enterprises Minister Rini Soemarno said on Thursday that the joint venture deal of high-speed rail project between China and Indonesia was highly expected to be reached later this month.

The funds to finance the project would not come from the government. The minister previously rejected proposal to build the Jakarta- Bandung fast train project filed in by Japan for Japan’s requirement on government’s assurance and funding to the project.

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