JBIC Funds Indonesia’s Transportation Project

The city government of Indonesian capital Jakarta expects to receive in 2011 a loan from the Japan Bank for International Cooperation to cover the second phase of the mass rapid transit project costing up to USD131.9 million per kilometer of construction, Berita Jakarta reports. The government is now finalizing a report on the project’s environmental impact assessment.

About the author

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    Kristine Ballad

    As Devex staff writer, Kristine focuses on breaking news from around the globe, and on Philippine development in particular. She served more than half of her working years in Philippine government, working as public information officer and as writer at the House of Representatives.