Indonesia, Japan to sign subway deal
JAKARTA — The governments of Indonesia and Japan will sign an agreement on the construction of a 32-km-long Jakarta subway line by the end of this month, a local newspaper reported Wednesday. Koran Tempo daily quoted Transportation Minister Hatta Rajasa as saying that the finance ministers of both countries will sign the agreement on the $800 million project.Indonesia initially wanted more use of local content or domestic products, estimated to reach 75% of the project's needs, so it would absorb more domestic labor. In the latest negotiations, according to Rajasa, it was agreed that 30% of the project's components will be from Japan, 30% from Indonesia and 40% will be opened for tender.
Kyodo News November
Kyodo News November
