Construction on track for Indonesian high-speed rail

CREC employees work on a seam welder at the construction site of the Jakarta-Bandung high-speed railway project in Bandung, Jawa Barat of Indonesia. Big-ticket infrastructure project linking Jakarta to Bandung likely by next year China Railway Group Ltd, known as CREC, the Beijing-headquartered State-owned construction contractor, plans to complete $537 million worth of construction works for the Jakarta-Bandung high-speed railway project in Indonesia this year, despite the COVID-19 outbreak, said its senior executives. Central SOEs, especially manufacturers and infrastructure project contractors including CREC, China National Building Material Group Co and Metallurgical Corporation of China, have encouraged local employees and third parties in overseas markets to better allocate resources and continue projects in an orderly way. Apart from expanding its global presence, CREC announced earlier this month that its subsidiaries such as China Railway Electrification Bureau Co and China Tiesiju Civil Engineering Group sealed 29 deals for airports, highways and forestry protection facility projects, as well as the transformation of shanty town areas with a total contract value of 37.16 billion yuan in the domestic market over the past four and half months.