A contract worth around $ 364.5 million has been awarded to CRRC Qingdao Sifang for a fleet of 11 eight-car trains with a design speed of 350km/h to operate on the 142.3km Jakarta - Bandung high-speed line which is due to open in 2019.
The contract forms part of an engineering, procurement and construction contract awarded to a consortium of Indonesian and Chinese companies on April 4 by the Kereta Cepat Indonesia-China (KCIC) joint venture. On the same day, the High Speed Railway Contract Consortium (HSRCC) signed a 50-year design-build-maintain-operate concession with KCIC.
The $US 5.5bn project is being financed 75% by China Development Bank, with the KCIC organising the remaining 25%.
The new line will reduce the journey time between Jakarta and Bandung to around 40 minutes, compared with around three hours on the existing 173km 1067mm-gauge line.
Source : railjournal.com