Japan is working on a revised strategy to promote infrastructure exports after losing out on several bids for high-profile projects to Chinese and Korean competitors.
An agreement for the China Development Bank to lend $4.5 billion to a consortium of Chinese and Indonesian companies for the construction of the Jakarta-Bandung high-speed rail in Indonesia was signed during President Joko Widodo's recent trip to the Belt & Road Forum in Beijing.
Indonesia has reportedly moved ahead with land acquisition for its $6 billion Jakarta-Bandung high-speed rail link.
A selection of the top projects we’re watching this year.
Railway exports, including high speed railways (HSR), play an important role in China’s and Japan’s agendas for sustained economic growth and diplomacy.