Government prepares intervention to resolve Whoosh debt

Jakarta (ANTARA) - The government is preparing intervention measures to resolve the debt restructuring process for the Jakarta-Bandung High-Speed Railway project, or Whoosh.

Head of the State-Owned Enterprises Regulatory Agency, Dony Oskaria, told reporters in Jakarta on Tuesday that resolving the financial issues of the Whoosh project must focus on the future sustainability of its operations.

This is because Whoosh’s operations to date have had a positive impact on the economy.

Therefore, he said, the Whoosh debt burden 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 load,” said Dony.

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 said the details would be conveyed after his side completes coordination with Finance Minister Purbaya Yudhi Sadewa.

Meanwhile, 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 just waiting for the right moment for the announcement.

“It has been decided by the 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.

Previously, Finance Minister Purbaya stated that the Whoosh project debt restructuring has been completed.

“It’s done (the restructuring), just waiting to be announced,” he said in Jakarta on Wednesday (22/4/2026).

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 with 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,” said Purbaya.