Key insights and market outlook
PT Kereta Api Indonesia (Persero) or KAI is optimistic about extending its high-speed rail service to Banyuwangi following President Prabowo Subianto's instruction. KAI's CEO, Bobby Rasyidin, stated that the company can fulfill the president's directive as the occupancy rate of the Jakarta-Bandung High-Speed Rail (KCJB) or Whoosh continues to rise. The expansion aligns with the government's plans to enhance connectivity across Java island.
PT Kereta Api Indonesia (Persero), or KAI, has expressed confidence in extending its high-speed rail network to Banyuwangi following recent instructions from President Prabowo Subianto. The directive was given during the inauguration of the new Tanah Abang Station. KAI's CEO, Bobby Rasyidin, emphasized that the company is ready to implement the expansion as the current Jakarta-Bandung High-Speed Rail (KCJB), branded as Whoosh, continues to show increasing occupancy rates.
The success of the KCJB has been a significant factor in KAI's optimism. With the occupancy rate of Whoosh on the rise, the company sees no major obstacles in operating the expanded service. Bobby Rasyidin mentioned that the positive trend in ridership gives KAI the confidence to proceed with the expansion plans, which include potential routes to Surabaya and further to Banyuwangi.
The planned expansion is in line with the government's broader infrastructure development strategy, particularly in enhancing transportation connectivity across Java. The initiative is expected to boost economic activities in the regions connected by the high-speed rail network. As KAI moves forward with these plans, the development is likely to have significant implications for both the transportation sector and regional economic growth.
High-Speed Rail Expansion Plans
Presidential Directive on Rail Expansion