Bisnis, JAKARTA - The Jakarta MRT project is set to proceed following Japan's official disbursement of loan amounting to JPY 140.69 billion or IDR 14.51 trillion (exchange rate of JPY 1=IDR 103.29) to Indonesia. This injection further solidifies Japan's involvement in the project.
Japan vs China Rail Competition
The ongoing MRT project serves to intensify the competitive dynamic between Japan and China within the rail-based transportation sector. Both countries appear to be showcasing their prowess through significant investments in this domain.
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