Analysts have said whoever won the bid could be a front runner for future rail projects in the region, including one linking Kuala Lumpur and Singapore.
President Joko Widodo's administration preferred China's proposal because it was less burdensome and promised a larger share of technology transfer than Japan.
"The government of China has courage not to ask for guarantees from Indonesia," Gatot Trihargo, deputy assistant for the state-owned enterprises ministry, told Reuters on Wednesday.
"While other countries like Japan and Germany request government guarantees, we cannot afford this because our budget is limited."
The high-profile contract is a victory for Chinese President Xi Jinping's "One Belt One Road" initiative to build a network of ports, trains and expressways to help expand trade, investment and influence in the region.
Analysts have said whoever won the bid could be a front runner for future rail projects in the region, including one linking Kuala Lumpur and Singapore.President Joko Widodo's administration preferred China's proposal because it was less burdensome and promised a larger share of technology transfer than Japan."The government of China has courage not to ask for guarantees from Indonesia," Gatot Trihargo, deputy assistant for the state-owned enterprises ministry, told Reuters on Wednesday."While other countries like Japan and Germany request government guarantees, we cannot afford this because our budget is limited."The high-profile contract is a victory for Chinese President Xi Jinping's "One Belt One Road" initiative to build a network of ports, trains and expressways to help expand trade, investment and influence in the region.
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