Japan must drop its requirement for government guarantees if it wants to stay in the race against China to build an Indonesian railway link from Jakarta to Bandung, a senior minister said on Friday.
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Japan needs to tweak bid to stay railway race - Minister
"So if Japan wants to stay in the process they must get rid of the requirement for government guarantees and government loan to SOEs."
"Japan's proposal includes a request for a government guarantee. Meanwhile China doesn't require that. That's the main difference," state-owned enterprises (SOEs) minister Rini Soemarno told reporters.
Indonesia scrapped plans for the nation's first high-speed railway linking the two cities at the 11th hour on Thursday, but invited bidders China and Japan to submit new proposals for a slower line.
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