BEIJING: After years of intense lobbying with several countries, including India, in an effort to sell its high-speed rail technology, China has finally bagged its first ever overseas bullet train project signing a USD 5.5 billion deal with Indonesia.
The two countries inked an agreement in Jakarta yesterday to launch a joint venture for a high-speed rail linking the Indonesian capital with Bandung, the capital of West Java "in a breakthrough deal," state-run Global Times reported.
Speaking at the signing ceremony, Chinese Ambassador Xie Feng said the high-speed rail would be China's first overseas project entirely using Chinese technology and the largest investment value ever.
The USD 5.5 billion project to build the 150 km high speed rail will be conducted on a business-to-business basis, in which the Indonesian side controls 60 per cent of the joint venture's stake, while the Chinese partner controls the remaining 40 per cent share.
K Presad Pandey
India is still in bullock cart age compared to China. Railway technical engineers are just sleeping on tax payers money. Mody must activate them.
That's what Congress have given us in last 60 years only fake promises no development
Mahendra Kumar Nayak
India has no bullet train. Indonesia is going ahead with bullet train in association with China is great
Can't we have a trans Himalayan Hind Cheen Express train running between India and China?