(Dec 5): Indonesia is preparing to spend about US$40 billion ($54.5 billion) to extend Jakarta’s metro network, a bigger-than-expected outlay that’s poised to boost the country’s construction companies and reignite a rivalry between China and Japan over building the project.

The spending plan, detailed in an interview with the head of the operator of the capital’s subway, is part of President Joko Widodo’s ambitious roadmap to create a US$7 trillion economy by 2045. While his administration has outlined a requirement to spend about US$455 billion on infrastructure over the next five years, policy makers have until now revealed few specifics.

Have a premium account? Sign in to continue reading.

Unlimited access to all stories from $99.9/year*

The latest reporting and analysis from business and investments to news and views on social issues.


  • Simultaneous logins across all devices
  • Instant access to past digital issues
  • Unlimited access to The Edge Malaysia
  • *For annual subscription plan only. T&Cs apply


Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook