Danantara states Whoosh restructuring scheme is in fine-tuning stage

Jakarta (ANTARA) - Chief Executive Officer (CEO) of the Investment Management Agency Daya Anagata Nusantara (Danantara Indonesia) Rosan Roeslani has disclosed that the debt restructuring scheme for the Jakarta-Bandung High-Speed Rail project, or Whoosh, is currently in the fine-tuning stage.

“The scheme is being fine-tuned. But it will be announced directly by the Coordinating Minister for Infrastructure (Agus Harimurti Yudhoyono),” Rosan said at the Ministry of Investment and Downstreaming/Head of the Investment Coordinating Board (BKPM) office in Jakarta on Thursday.

When asked about the potential use of the State Revenue and Expenditure Budget (APBN) in the debt repayment scheme, Rosan declined to comment.

He stated that Coordinating Minister for Infrastructure and Regional Development Agus Harimurti Yudhoyono would provide further details on the matter.

Furthermore, Rosan said that talks on resolving the Whoosh debt have been discussed with the Chinese government.

“At that time, there was already a meeting involving the Coordinating Minister for Infrastructure, the Minister of Finance (Purbaya Yudhi Sadewa), and us (Danantara). The solution is already in place, and it will be followed up by the team to discuss with the Chinese side,” Rosan said.

“The solution is already there, and yesterday we also did some sounding. Insha Allah, this can be resolved,” added the man who is also the Minister of Investment and Downstreaming/BKPM.

“The restructuring is already done, just waiting to be announced,” he said in Jakarta on Wednesday (22/4).

The government has also conveyed the results to the Chinese government. This step is taken to maintain long-term bilateral relations and trust between the two countries.

“Yesterday I met the Chinese Finance Minister. This relates to the long-term relationship between Indonesia and China. I told the Chinese Finance Minister that it has been decided, just waiting to be announced,” said Purbaya.