Indonesia, Japan Ink MRT Loan Amidst Rising Japan-China Rivalry

The deal's signing marks a new stage for Japan–China’s apparent rivalry in the rail-based transportation sector. Both countries have been striving to gain an edge in this sector through investments, including in Indonesia’s MRT and high-speed rail projects.

Bisnis, JAKARTA — The Jakarta mass rapid transit (MRT) project is confirmed to continue after Japan greenlighted a loan of 140.69 billion Japanese yen (JPY) or IDR 14.51 trillion (exchange rate JPY1=IDR 103.29) to Indonesia, solidifying Japan's involvement in the project.

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