Government: Intervention in Whoosh Debt Restructuring for Operational Sustainability

Jakarta – The Head of the State-Owned Enterprises Regulatory Agency (BP BUMN), Dony Oskaria, stated that the government is currently preparing intervention measures to resolve the debt restructuring process for the Jakarta-Bandung High-Speed Rail project, or Whoosh.

He explained that resolving the financial issues of the Whoosh project must focus on ensuring the future operational sustainability of this high-speed train. This is because Whoosh’s operations to date have had a positive impact on the economy.

Therefore, Dony assured that the debt burden of Whoosh cannot be placed solely on the operator.

“This is what we are seeking a solution for in terms of financial resolution. Like it or not, there must certainly be government involvement in this resolution. Because if it is burdened on the railway alone, it certainly will not be sufficient to bear the financial burden,” said Dony at the Coordinating Ministry for the Economy, Jakarta, on Tuesday, 28 April 2026.

He underlined that the government’s intervention in this project is a form of support for the use of public transportation. Regarding the form of intervention being prepared, Dony mentioned that the details would be conveyed after his side completes coordination with Finance Minister Purbaya Yudhi Sadewa.

Meanwhile, the CEO of the Investment Management Agency (BPI) Danantara, Rosan Roeslani, revealed that the administrative decision on the restructuring has already been made, and it is only awaiting the right moment for the announcement.

“It has been decided by Coordinating Minister for Infrastructure and Regional Development Agus Harimurti Yudhoyono (AHY). It will then be officially reviewed, and he will make the announcement,” he said.

It is known that previously, Purbaya had revealed that the debt restructuring for the Whoosh project has been completed.

“It’s done (the restructuring), just waiting to be announced,” said Purbaya in Jakarta on Wednesday, 22 April 2026.

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

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