The United Kingdom and Indonesia on Monday signed a letter of intent to cooperate in railway development, specifically Jakarta’s mass rapid transport (MRT) project, the British embassy said in a statement.
The UK Export Finance (UKEF), its export credit agency, has expressed interest in providing up to $1.25 billion for the project, the statement said, adding that the UKEF has up to £4 billion ($4.72 billion) of financing available for Indonesia. It also said the agency is actively looking to participate in similar projects elsewhere in the country.
