Indonesia Advances Discussions on Whoosh High-Speed Rail Debt Resolution

Government Engages with Danantara on Financial Obligations

The Indonesian government is making progress in its discussions with state-owned investment company Danantara regarding the debt resolution for the Jakarta-Bandung High-Speed Rail project, known as Whoosh. Finance Minister Purbaya Yudhi Sadewa revealed that he recently met with Danantara's CEO Rosan Roeslani to discuss various aspects of the project's financial obligations.

Key Discussion Points

The meeting between Purbaya and Roeslani covered multiple facets of the debt resolution, including potential schemes for addressing the financial obligations of the project operator, Kereta Cepat Indonesia China (KCIC). According to Purbaya, the discussions were comprehensive, with Danantara presenting numerous requests and proposals. The Minister noted that they are working together to find the most appropriate solution for the project's financial challenges.

Background and Significance

The Whoosh high-speed rail project represents a significant infrastructure development in Indonesia, connecting Jakarta and Bandung. The project's financial management and debt resolution have been critical topics of discussion among stakeholders. The ongoing negotiations between the government and Danantara highlight the complexity of managing large-scale infrastructure projects and their associated financial obligations.