China Belt and Road: Indonesia opens Whoosh high-speed railway

Indonesia’s launch of its China-backed high-speed railway will be first of its kind in South East Asia

Indonesia has inaugurated its first high-speed railway, a $7.3bn (£5.9) project backed by China under its Belt and Road Initiative.

President Joko Widodo launched the service, which connects the capital Jakarta to Bandung, a top economic hub.

The railway is named Whoosh, a Bahasa Indonesia acronym that translates to time-saving and reliable.

Mr Widodo has prioritised projects like Whoosh to ease the country’s severe traffic jams.

The railway was originally scheduled to open in 2019 but was delayed due to land disputes, the Covid-19 pandemic and a $1.2bn (£984m) budget overrun.

Monday’s inauguration was pushed back from Sunday to accommodate the president’s schedule.

Whoosh is operated by PT KCIC, a joint venture made up of four Indonesian state companies with Beijing’s China Railway International.

Its name is short for “Waktu Hemat, Operasi Optimal, Sistem Handal”, which translates to “Timesaving, Optimal Operation, Reliable System”. It can reach speeds of up to 350km/h (217mph) with the journey spanning 142km.

“The name is inspired by the sound of a rushing high-speed train,” Mr Widodo told reporters at the launch.

Indonesian officials say the high-speed railway is expected to improve economic productivity. They also tout the fact that the trains are powered by electricity, which will help reduce the country’s carbon footprint.

Bandung, the capital of West Java province, is often called Indonesia’s answer to Silicon Valley.

The bullet train’s speed will mainly appeal to business travellers and tourists, according to Dedi Dinarto, lead Indonesia analyst at strategic advisory firm Global Counsel.

“It raises uncertainty about whether this substantial infrastructure investment, funded both by China and the national budget, will prove profitable for the government,” he said.

While ticket prices for the train have not been finalised, the company behind the train estimates that a one-way ticket could cost between 250,000 Indonesian rupiah and 350,000 Indonesian rupiah ($16 to $22.60).

In comparison, a shuttle bus fare can cost as low as $5, which is approximately 77,685 Indonesian rupiah. And that difference can mean a lot for the average citizen.

Aninda Dewayanti, who lives in Bandung, is sceptical about how practical the train would be for ordinary Indonesians.

“It’s so expensive,” she told the BBC. “There are other transport options with comparable prices. I’d rather take a normal train or a bus.”

Among those at the event was Amelia Rahima, a 23-year-old living in Jakarta, who was enthusiastic about the launch.

“Hopefully many would actually choose to use it, because otherwise it would be a waste after all the finances poured into it as well as the challenges faced in building it,” she told BBC Indonesian.

Some critics say the sheer cost of the project may weigh on Indonesia’s public finances, which are already strained by the pandemic. Mr Jokowi agreed to use state funds to help the project overcome delays.

Source: https://www.bbc.com/news/world-asia-66979810

India-Middle East-Europe economic corridor more significant than silk and spice routes: Saudi minister

Prime Minister Narendra Modi on September 9 announced the launch of the India-Middle East-Europe mega economic corridor during G20 summit. The project includes India, the UAE, Saudi Arabia, the European Union, France, Italy, Germany and the US

Saudi Crown Prince Mohammed bin Salman

India-Middle East- Europe economic corridor will be more significant than the silk and spice routes of the world, Saudi’s Investment Minister Khalid bin Abdulaziz Al-Falih has said.

“The economic corridor will be historical. People talk about the Silk route, the Spice route of India through the Arabian Peninsula, but this is going to be more significant and relevant. Because it’s going to be about new energy, data, connectivity, human resources, aviation routes and it’s about aligning countries that are of the same mind and same vision,” Al-Falih added. He was speaking on the sidelines of the Saudi-India Investment Forum to reporters in New Delhi.

“Both countries (Saudi Arabia and India) have great human capital and access to financial resources. The next step is to make sure that the private sector fully understands what we have right before them, in terms of opportunities… we need to clear the roadmap for them and I think great things will happen,” Al-Falih added.

The rail and shipping corridor is part of the Partnership for Global Infrastructure Investment (PGII) — a collaborative effort by G7 nations to fund infrastructure projects in developing nations. PGII is considered to be the bloc’s counter to China’s Belt and Road Initiative.

The project will aim to enable greater trade among the involved countries, including energy products.

The corridor will include a rail link as well as an electricity cable, a hydrogen pipeline and a high-speed data cable, according to a document prepared by European Commission President Ursula von der Leyen. The declaration document also called the project “a green and digital bridge across continents and civilizations.”

“Today we all have reached an important and historic partnership. In the coming times, it will be a major medium of economic integration between India, West Asia and Europe,” PM Modi said while announcing the project. The corridor will give a new direction to connectivity and sustainable development of the entire world, he added.

Source: https://www.moneycontrol.com/news/world/india-middle-east-europe-economic-corridor-more-significant-than-silk-and-spice-routes-saudi-minister-11349771.html

Hong Kong, Shenzhen deluged by heaviest rain on record, 83 hurt

The Asian financial hub of Hong Kong was drenched on Friday by the heaviest rain since records began 140 years ago, with 83 people hurt, three seriously, as unusually wet weather caused by typhoons brought more disruption to southern China.

Videos showed cascades of water surging down steep hillsides in the former British colony, flooding waist-deep in narrow streets, and inundating malls, metro stations and tunnels.

The extreme weather also brought chaos to the nearby Chinese city of Shenzhen, a tech hub of more than 17.7 million people, with business and transport links across the economically important Pearl River Delta severely hit.

The torrential rain was brought by Haikui, a typhoon that made landfall in the Chinese province of Fujian on Tuesday. Although it weakened to a tropical depression its slow-moving clouds have dumped huge volumes of precipitation on areas still soaked by rain from a super typhoon a week earlier.

Hong Kong’s weather bureau issued its highest “black” rainstorm warning, and said more than 200 mm (7.9 inches) of rain was recorded on Hong Kong’s main island, the Kowloon district and the northeastern part of the city’s New Territories from late on Thursday.

The city’s leader, John Lee, said he was very concerned about the severe flooding in most parts of the territory and had instructed all departments to respond with “all-out efforts”.

Hong Kong authorities shut schools on Friday and told workers to stay at home. The stock exchange did not open for morning trade and would remain shut in the afternoon if the “black” rainstorm warning remained in place at noon.

MTR Corp (0066.HK), which operates the city’s rail network, said at least one line was shut while others were operating with delays. One video clip showed metro workers wading waist-deep in a station.

The city’s cross-harbour tunnel, one of main arteries connecting Hong Kong island to Kowloon, was inundated and a shopping mall in the Chai Wan district was half-submerged.

Some passenger and cargo clearance operations at two border points between Hong Kong and Shenzhen were suspended due to flooding.

Macau ferry operators in Hong Kong said several sailings would be suspended to the gambling hub.

People make their way through a flooded area after heavy rains, in Hong Kong, China, September 8, 2023. REUTERS/Tyrone Siu

GUANGDONG SWAMPED
The China Meteorological Administration said heavy rain would fall until early Saturday on the central and southwestern areas of Guangdong province.

All schools, some subway stations and offices in the Guangdong city of Shenzhen were shut on Friday.

Residents holding onto safety lines stepped gingerly through knee-deep water in the metropolis of 17.7 million people, videos from state media showed.

Rescuers cordoned off overflowing manholes, carried a child from a stranded vehicle and guided motorcyclists through the murky flows.

A rainfall log showed 465.5 mm (1.5 ft) of rain fell in Shenzhen over a 12-hour period, the highest since records began in 1952.

Daily rainfall in the city in the Pearl River Delta linking Hong Kong to China’s mainland was expected to exceed 500 mm, Shenzhen media said.

Videos showed both the exit and entry areas of the Shenzhen railway station were flooded, with trains connecting the city and the provincial capital of Guangzhou suspended. About 100 people were stranded at the station.

Source: https://www.reuters.com/world/asia-pacific/hong-kongs-heaviest-rain-least-140-years-floods-city-streets-metro-2023-09-08/

1st India-Made Nuke Plant Runs In Full Capacity; Congratulations, Says PM

Kakrapar Nuclear Plant: The reactor at the Kakrapar Atomic Power Project (KAPP) had started commercial operations on June 30 but was operating at 90 per cent of its capacity till now.

 

New Delhi: India’s first indigenously developed 700 MW nuclear power plant in Gujarat’s Kakrapar has started operations at full capacity, Prime Minister Narendra Modi said on Thursday.
The reactor at the Kakrapar Atomic Power Project (KAPP) had started commercial operations on June 30 but was operating at 90 per cent of its capacity till now.

“India achieves another milestone. The first largest indigenous 700 MWe Kakrapar Nuclear Power Plant Unit-3 in Gujarat starts operations at full capacity. Congratulations to our scientists and engineers,” PM Modi said on ‘X’, formerly known as Twitter.

The Nuclear Power Corporation of India Limited (NPCIL) is building two 700 MW pressurised heavy water reactors (PHWRs) at Kakrapar, which is also home to two 220 MW power plants.

Various commissioning activities were underway at KAPP 4, which had achieved 97.56 per cent progress by July, according to officials.

The NPCIL plans to build 16 700 MW PHWRs across the country and has granted financial and administrative sanctions for the same.

Source: https://www.ndtv.com/india-news/1st-india-made-nuke-plant-runs-in-full-capacity-congratulations-says-pm-4346399

Vizag Steel Plant: 22 firms submit bids

The Telangana government-owned Singareni Collieries Company Limited announced its intention to submit an EoI for the acquisition of the plant

File photo of Vizag Steel Plant.

Twenty two companies have submitted their bids in response to the Expression of Interest (EoI) notification by Rashtriya Ispat Nigam Limited (RINL) so far. It has been reported that there were six international steel export companies among the bidders.

Interestingly, former IPS officer VV Laxminararyana has submitted a bid on behalf of a private company. The former bureaucrat handed over his bid papers to the steel plant’s CGM (Marketing), Satyanand, on Saturday.

Meanwhile, the RINL has extended the deadline for the submission of bids by five days, till April 20. It may be noted that RINL invited the bids to provide working capital, raw material and purchase products of the Visakhapatnam Steel Plant on March 27.

 

Source: https://telanganatoday.com/vizag-steel-plant-22-firms-submit-bids

Exit mobile version