Indonesia rail company gets $205m capital infusion for China-backed project

Indonesia rail company gets $205m capital infusion for China-backed project

FILE PHOTO: Mass Rapid Transit (MRT) train arrives at a station during its full trial run in Jakarta, Indonesia, March 12, 2019. REUTERS/Willy Kurniawan/File Photo

Indonesia’s state-owned railway firm PT KAI said on Tuesday it has received a 3.2 trillion rupiah ($205.33 million) capital injection from the government to help a consortium of Indonesian and Chinese state companies complete a high-speed rail project.