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Problematic Options in Settling Whoosh Debt

Monday, November 17, 2025

The Finance Minister and Danantara are not on the same page over using public funds to pay off the high-speed rail’s debts. The President promises to shoulder them.

arsip tempo : 177078245993.

High-speed trains lined up in Padalarang, West Bandung Regency, West Java, September 13, 2023. Tempo/Prima Mulia. tempo : 177078245993.

TWO years into operation, the Jakarta-Bandung high-speed rail project—marketed as Whoosh and hailed as a breakthrough in public transportation under President Joko Widodo—has instead remained a persistent drag on the financial performance of its shareholders. Wijaya Karya (IDX: WIKA) is a case in point. Far from gaining a financial lift, the state-owned construction giant has taken a beating as it shoulders a double burden.

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Caesar Akbar

Riani Sanusi, Ilona Estherina, Alfitria Nefi, Hendrik Yaputra, and Eka Yudha contributed to the writing of this article.

Indonesia Fast Train Debt Jakarta-Bandung High-Speed Train Whoosh debt Bandung-Surabaya high speed train
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