The construction of Honolulu’s rail project is already having an impact on everything from traffic to local jobs. In Asia, a rail project of roughly the same value was suddenly cancelled. And that’s left potential contractors scrambling for what comes next. HPR’s Bill Dorman has more in today’s Asia Minute.
It was going to be a 5-billion dollar project—a high-speed rail linking Jakarta to Bandung on Indonesia’s island of Java. Chinese and Japanese companies competed fiercely on proposals, and governments got involved—sending high-level envoys to negotiate last-minute deals.