Government and Danantara Collaborate on Whoosh Debt Restructuring

Shared Responsibility for Financial Sustainability

The Indonesian government and Danantara have agreed to share responsibilities in restructuring the debt of the Jakarta-Bandung High-Speed Rail (Whoosh) project. Danantara's Chief Operating Officer, Dony Oskaria, confirmed that the restructuring process will involve both entities, as announced by President Prabowo Subianto.

Operational and Infrastructure Division

The division of labor between Danantara and the government is clear: Danantara will handle operational aspects related to Whoosh, while the government will manage infrastructure-related components. This division is expected to ensure the project's financial sustainability and facilitate its continued operation.

Path Forward

The collaboration between Danantara and the government marks a significant step in addressing the financial challenges faced by the Whoosh project. By working together, they aim to find a viable solution to restructure the debt and maintain the project's viability.