The Jakarta-Bandung high-speed rail has been officially opened. What are the secrets behind Indonesia's success and the failures of India and Vietnam?
The Jakarta-Bandung high-speed railway jointly built by China and Indonesia was officially put into use recently. Since then, the fastest travel time between the two places has been shortened from 3.5 hours to 40 minutes. Ticket sales and commercial events begin in early October.
This marks that Indonesia has entered the era of high-speed rail, and China and Indonesia have achieved important breakthroughs in the construction of the "Belt and Road".
Jakarta-Bandung Express Line
As the flagship project of China's "Belt and Road" initiative in Indonesia, the opening of the Jakarta-Bandung high-speed railway will greatly shorten the travel time from Jakarta to Bandung, significantly improve local transportation conditions, and greatly facilitate travel for people on the roadside. route, promoting business development and the development of tourism. It has played a major role in promoting the economic and social development of the regions along the Belt and Road.
At the same time, the opening of the Yawan high-speed railway has also provided a good demonstration effect for China's "Belt and Road" initiative and enhanced the confidence of all countries in cooperation with China.
The completion and opening of the Jakarta-Bandung high-speed line is indeed encouraging. However, India and Vietnam, which began building high-speed rail almost at the same time as Indonesia, were not so lucky. India's high-speed line to Ahmedabad began construction in 2015. The Yawan high-speed rail line is one year ahead of the Jakarta-Bandung high-speed rail line, but to this day, the project still faces problems such as long completion time and serious budget overruns.
Vietnam proposed an ambitious North-South high-speed rail plan more than two decades ago, but it has also experienced several twists and turns and has not yet started construction.
Shinzo Abe and Modi
Indonesia's success contrasts sharply with the failures of India and Vietnam. What is the reason for this? Let's start with India. In the bidding stage of the high-speed rail plan, China and Japan have fiercely competed. After Japan won the project with an ultra-low-interest loan of 0.1%, it was discovered that it was actually a "bottomless pit".
From Shinzo Abe to Fumio Kishida, everyone felt a little "Indian shock".
Friends who often pay attention to India's business environment should know how India treats foreign investment. It first offers various preferential policies to attract foreign businessmen, and then can impose hefty fines on foreign businessmen on various grounds or confiscate foreign rights in India. Asset. What makes Japanese companies even more speechless is that due to demolition and land acquisition disputes, follow-up construction projects have not been able to advance. They have invested 85 billion yen in the early stage, which is a huge cost of about 4.28 billion yuan.
For every day of delay in land acquisition, the Japanese cost an extra day. In the long run, Japan's losses on the project will continue to increase.
India's high-speed rail delivery is difficult, and Vietnam's failure is more due to its own reasons. Since 2001, Vietnam has been actively preparing for the ambitious North-South high-speed rail plan. In 2009, a global tender for the North-South high-speed rail project began, and Japan featured ultra-low-interest loans. However, after successfully obtaining the construction qualification, the project was delayed in starting. The reason is that Vietnamese law stipulates that any investment plan exceeding $1.9 billion must be voted on by Congress.
As a result, the project, which invested more than $55 billion, was supported by only 209 of the 493 deputies to Vietnam's parliament and did not succeed.
What is even more surprising is that in March 2014, Japan's NHK TV revealed the explosive news that 100 million yen of funds from JTC's account were missing.
According to the survey, about 60% of the money ended up in the pockets of senior officials of Vietnam's railway department.
Affected by this, Japan once suspended "government development assistance" to Vietnam due to Vietnam's lack of anti-corruption. Due to Vietnam's own shortcomings, the country's high-speed rail program has repeatedly been aborted.
From that point of view, it looked like he was about to fall.
Therefore, the success of the Yawan high-speed rail project is not only a reflection of China's strong technical strength, but also a reflection of Indonesia's relatively efficient administrative system compared to other countries.
For a major project like high-speed rail, political connections and civic support are important pillars.
At this point, India and Vietnam may still have a long way to go.
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