Indonesian government to acquire 60% stake in high speed train operator Whoosh

INDONESIA: The Ministry of Finance is set to acquire a 60% stake in PT Kereta Cepat Indonesia-China, which operates Whoosh passenger service on the 142 km Jakarta – Bandung high speed line. KCIC is a 60:40 joint venture between a consortium of Indonesian state-owned enterprises and the Beijing Yawan HSR consortium of Chinese companies. It…