China Railway Rolling Stock Corporation (CRRC) Qingdao Sifang has secured a CNY2.51-billion contract to supply a fleet of 11 eight-car trains for the Jakarta-Bandung high-speed rail (HSR) line. The contract is part of an engineering, procurement, and construction (EPC) contract, which was awarded to a High Speed Railway Contract Consortium (HSRCC) by Kereta Cepat Indonesia-China joint venture (KCIC).
The HSR line will span 142.4 km and is scheduled to be completed by 2019. The project cost of USD5.5-billion will be funded by the China Development Bank (75 per cent) and KCIC (25 per cent). In March 2016, KCIC and HSRCC signed a 50-year design-build-maintain-operate concession contract.
(1 CNY [Chinese Yuan Renminbi] = 0.14 USD)